Edition:
United Kingdom

G5 Entertainment Says Dispute With MyTona LLC Is Resolved


Thursday, 21 Dec 2017 

Dec 21 (Reuters) - G5 Entertainment Ab (Publ) ::SAYS DISPUTE WITH MYTONA LLC RESOLVED.PARTIES HAVE AGREED TO DISMISS THEIR CLAIMS PURSUANT TO TERMS OF SETTLEMENT.‍IS ACQUIRING ALL RIGHTS TO "SECRET SOCIETY" GAME ON ALL PLATFORMS​.G5 ESTIMATES THAT TOTAL CONSIDERATION TO BE PAID TO MYTONA PARTIES MAY BE WORTH UP TO US $6.5M OR MORE.G5 EXPECTS THAT ACQUISITION WILL BE FINANCED FROM COMPANY'S CASH RESERVES AND FUTURE CASH FLOW.. 

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24 May 2019