Strategic Internet Investments, Incorporated (OTCPK:SIII) and Star Leisure & Entertainment Inc. entered into an agreement to acquire Akcenter Outlet and Shopping Center, Ankara from Muzaffer Mithar Ataman for €58.5 million on June 10, 2014. The purchase price includes €28.5 million payment in cash and €30 million worth common stock or convertible debentures or preferred shares or any combination of these securities. €5.7 million, €14.25 million and €8.55 million will be paid upon securing bank financing, within 3 months of securing bank financing and within 9 months of securing bank financing. The transaction is intended to be financed through a combination of cash, bank loans and equity share issuance. €1.5 million will be paid as introductory and facililiatory commission.

Strategic Internet Investments, Incorporated (OTCPK:SIII) and Star Leisure & Entertainment Inc. cancelled the acqusiition of Akcenter Outlet and Shopping Center, Ankara from Muzaffer Mithar Ataman on November 3, 2014.