Mavshack AB (publ) (OM:MAV) signed a letter of intent to acquire Nexar Entertainment Ltd, Nexar Productions SL, Nexar Music Ltd and Nexar Football AB from Nexar Group AB (publ) (NGM:NXAR) for SEK 8 million on August 28, 2020. The purchase price will be set off against shares in Mavshack AB. The transaction is expected to conclude no later than in October, 2020.

Mavshack AB (publ) (OM:MAV) cancelled the acquisition of Nexar Entertainment Ltd, Nexar Productions SL, Nexar Music Ltd and Nexar Football AB from Nexar Group AB (publ) (NGM:NXAR) on October 12, 2020. The transaction was terminated because Mavshack AB (publ) doesn't see sufficient synergies.