Digital Bros S.p.A. (BIT:DIB) acquired D3Publisher of America, Inc. from D3 Publisher Inc. for $5 million on June 17, 2022. The total fixed consideration amounts to $1.5 million on a debt and cash free basis. In addition to the fixed consideration, an earn out scheme for the next five years has also been agreed. The earn out is capped at $3.5 million based on the future operating margins (calculated as the difference between gross revenue, production costs, royalties and marketing costs) generated by D3 Go! games. The total fixed consideration will be paid at the closing date, expected on July 1, 2022. The earn out will be paid in five yearly instalments starting July 2023 until July 2027. The transaction will be financed through actual credit lines without prejudice to the possibility to use a dedicated acquisition financing. Last fiscal year, which ended March 31, 2022, revenue was $18.5 million and last fiscal year net profit was $2 million.

Digital Bros S.p.A. (BIT:DIB) completed the acquisition of D3Publisher of America, Inc. from D3 Publisher Inc. on June 17, 2022.