Empire shareholders accept Silverstar's offer

Silverstar Holdings has announced that more than 90 per cent of its shareholders have approved the acquisition of Empire Interactive.

The deal, which is worth an estimated GBP 4.75 million, was first announced back in October, and accepted by Empire a few weeks later.

"The Empire acquisition heralds a new era for Silverstar Holdings. With sizeable operations in North America and Europe, we are extremely well positioned as one of the largest independent interactive entertainment software publishers in the world," said Silverstar CEO Clive Kabatznik.

"With the closing of the Empire acquisition, we look forward to the further creation of shareholder value as we integrate Empire Interactive and continue to implement our long-term strategic plan."

Empire has offices in the UK, France, Germany, Spain and the US, and is best known for producing titles such as FlatOut, Mashed and Big Mutha Truckers. The company also publishes budget titles under the Xplosiv label.