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Empire accepts acquisition offer

Silverstar Holdings has confirmed that its has acquired 85 per cent of Empire Interactive shares, as it finalises the acquisition of the UK publisher before the end of the year.

Matt Martin avatar
News by Matt Martin Contributor
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Silverstar Holdings has confirmed that its has acquired 85 per cent of Empire Interactive shares, as it finalises the acquisition of the UK publisher before the end of the year.

Investment specialist Silverstar announced the acquisition of Empire last month, in a deal estimated at GBP 4.75 million.

"We are pleased that the Empire transaction has been declared wholly unconditional," commented Clive Kabatznik, CEO of Silverstar Holdings.

"We look forward to building the business to create greater value for our shareholders," he added.

Silverstar intends to grow Empire through acquisitions and investing in videogame projects. The company owns developer and publisher Strategy First, plus a stake in Magnolia Broadband.

Silverstar intends to effect the cancellation of Empire's listing on AIM on December 20th, with payment of the acceptances already received on or before December 5th.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.