REALITY CHECK:Acer is to control one more board seat than Starbreeze, which is to hold 33.3 percent in the venture and no longer needs to inject another US$7.5 million

Taipei Times
Date: Oct 25, 2017
By: Lauly Li  /  Staff reporter
Acer Inc (宏碁) yesterday said it is to inject US$5 million into its virtual reality (VR) joint venture with Starbreeze AB, StarVR Corp (宏星技術), increasing its stake from 50 percent to 66.7 percent as part of efforts to grow its presence in the VR industry.

“VR is one of Acer’s key focus areas… The increase of Acer’s stake in StarVR underlines our commitment to the industry and we look forward to continuing to deliver best-in-class VR experiences through our partnership with Starbreeze,” Acer chairman and chief executive officer Jason Chen (陳俊聖) said in a statement.

According to information given to the Department of Commerce by StarVR, the number of board seats is to increase from four to five, of which Acer is to control three.

Starbreeze chief executive officer Bo Andersson Klint is to continue to serve as chairman of StarVR, while Acer information technology president Jerry Kao (高樹國) will remain president, an Acer official said by telephone.    [FULL  STORY]