Vizrt announced that it has closed the third and final tranche of the acquisition of virtual sports enhancement technology provider LiberoVision. Following the closing of the deal, Vizrt will own 100% of the outstanding share capital of LiberoVision.
The purchase price for this transaction was $2.4m, comprised 80% cash ($1.9m) and 20% Vizrt stock (135,908 shares), and was based on a previously announced earn-out formula whereby Vizrt would pay 20% of ten times LiberoVision 2012 EBIT.
In total, Vizrt paid $10.4m for LiberoVision.
Press Release: Vizrt closes third tranche of LiberoVision AG acquisition
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