Fragbite acquires outstanding shares in Dutch studio Lucky Kat for $7.9 million

Fragbite Group  has signed an agreement today to acquire all outstanding shares of  Lucky Kat  for €7 million ($7.8 million) . This will be paid as a combination of €5 million ($5.6 million) in cash and €2 million ($2.2 million) through 3,860,755 newly issued shares in Fragbite. There is also a consideration of an additional purchase of up to €11 million ($… Source: http://www.pocketgamer.biz/news/77753/fragbite-acquires-all-outstanding-shares-in-dutch-studio-lucky-kat/