Vizrt Acquires LiberoVision

Nov 22, 2010


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BEST PRACTICES SERIES

Vizrt entered into a terms sheet with LiberoVision through which Vizrt will purchase all of the issued and outstanding share capital of LiberoVision. The purchase will occur in three installments: 60% upon signing of the definitive agreement, 20% upon approval of the financial statements of LiberoVision for the year 2011, and 20% upon approval of the financial statements of LiberoVision for the year 2012.

The consideration for the first 60% of the issued share capital of LiberoVision will be CHF 6 million (approximately $6.12 million) and may be increased by an additional CHF 1 million (approximately $1.02 million) should the EBIT for the year 2010 of LiberoVision exceed CHF 1 million.

Vizrt is a provider of content production tools for the digital media industry, while LiberoVision specializes in virtual sports enhancements.

(www.vizrt.com; www.liberovision.com)