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Beyond Frames Entertainment invests in Vitei Sweden
May 29, 2019

Beyond Frames Entertainment, a Sweden-based game developer has acquired 55% stake in Vitei Sweden, a VR game developer. The purchase price is SEK 1.1m. In 2018, Vitei Sweden reported a turnover of SEK 0.9m with an EBITDA of SEK 0.3m corresponding to EV/EBITDA multiple of around 6.5x.

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