Thunderful Group AB (the “Company” or “Thunderful Group”) has entered into an agreement to divest all the shares in its German-based publishing subsidiary Headup GmbH (“Headup”) to Microcuts Holding GmbH a legal entity controlled by its founder Dieter...Divestment Agreement • March 27th, 2024
Contract Type FiledMarch 27th, 2024As announced on 23 November 2023, Thunderful Group has initiated the process of evaluating a potential divestment of Headup as the Company is implementing a strategy focused on publishing fewer and larger titles through its Thunderful Publishing unit. As part of the evaluation, Thunderful Group has been in dialogue with a handful of potential buyers. The terms with the Buyer are assessed to represent the best alternative for Thunderful Group and its shareholders.