December 18, 2017 / 7:58 AM / 5 months ago

BRIEF-Funcom N.V. Enters Agreement To Establish Joint Venture

Dec 18 (Reuters) - Funcom Nv:

* IP ACQUISITION THROUGH JOINT VENTURE\, PUBLISHING STRATEGY EXPANSION\, 88

* ‍ENTERED INTO AGREEMENT TO ESTABLISH JOINT VENTURE WITH CABINET GROUP LLC (“CABINET GROUP”)​

* - RECEIVES 50% OWNERSHIP IN JV IN EXCHANGE FOR ISSUING 22,300,000 NEW SHARES IN CO, EACH AT SUBSCRIPTION PRICE OF NOK 2.6, TO CABINET GROUP​

* ‍TRANSACTION IS EXPECTED TO BE COMPLETED ON OR ABOUT 30 JANUARY 2018​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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