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Artivision share swap deal: numbers look odd

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Published Thu, Dec 19, 2013 · 10:00 PM

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THE numbers behind Artivision Technologies' latest deal can be a bit of a head scratcher.

The perennial loss-making online video technology specialist has announced a proposed investment in a young loss-making online gaming company in an all-share deal.

Here's how the deal works: Artivision and 212 DB Corp, which runs the Play Gig-It game on Facebook, will swap shares such that they hold an almost 5 per cent stake in each other. No cash will actually change hands.

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