Videobur Sthlm Int AB (publ) (NGM:VIDS) entered into a letter of intent to acquire BrandBee AB for SEK 8 million on May 28, 2018. The purchase takes place through a targeted issue of 20 million shares at a price of SEK 0.25 per share. BrandBee AB reported revenues of SEK 0.55 million and earnings of SEK 2.2 million in 2017. The purchase is conditional on 90% of the votes at the Extraordinary General Meeting to be held on June 28, 2018 approving the acquisition.