Thunderful Group AB (OM:THUNDR) acquire Jumpship Limited from NetEase, Inc., e Chris Olsen, Dino Patti and others.
November 15, 2022
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Thunderful Group AB (OM:THUNDR) acquire Jumpship Limited from NetEase, Inc. (NasdaqGS:NTES), e Chris Olsen, Dino Patti and others on November 15, 2022. Thunderful is paying an initial consideration of ú6 million on a cash- and debt-free basis. In addition to this initial consideration, an additional earn-out component of up to ú24 million for the period November 2022 to December 2027 may be payable to the sellers. The sellers may receive a maximum of 50% of EBIT per financial year until an accumulated EBIT of ú12 has been reached. For EBIT in excess of ú12 million and up to ú24 million, an amount of 75% of EBIT per financial year will be paid. Thunderful will also make sure that existing shareholder loans totaling ú2 million are repaid to the relevant shareholders. Ernst & Young has acted as financial adviser and Setterwalls Advokatbyrs and Muckle LLP as legal advisers in connection with the transaction. Thomas Jameson of CMS acted as legal advisor to NetEase, Inc. in the deal.
Thunderful Group AB (OM:THUNDR) completed the acquisition of Jumpship Limited from NetEase, Inc. (NasdaqGS:NTES), e Chris Olsen, Dino Patti and others on November 15, 2022.
Thunderful Group AB is a Sweden-based company group operating within development and publishing of games and distribution of, inter alia, Nintendo products, games, gaming accessories and toys. Thunderful Groupâs overall goal is to provide high-quality gaming experiences. As a unified group, Thunderful Group is represented in all segments of the gaming industry. Thunderful Group develops, publishes and distributes entertainment products. The Groupâs operations are divided into two business segments: Thunderful Games (Games), with operations in the development, publication and sale of games, and Thunderful Distribution (Distribution), with operations in the distribution and sale of game consoles, games, gaming accessories and toys.