Roxette buys Ace of Base?!!

Interesting news on yesterday’s Svenska Dagbladet: Roxette has bought 51 per cent of the Swedish pop group Ace of Base on Monday. The article wasn’t very clear and they didn’t e.g. tell how this deal will be done in practice. Roxette, as we all know, isn’t just one company, but perhaps Ace of Base is and thus Roxette was able to buy 51 % of the stock.

However, this whole thing sounds like an April fool and it isn’t even April now. The most peculiar thing is that next to the article is a strange pie chart (titled “Cash-flow”) without any explanations. And, has anyone ever heard of credit rating company PoorStandards?

This article was written for an earlier version of The Daily Roxette.
Technical errors may occur.

  ★ The author:

  ★ Publishing date:

January 26th, 1999

Internal reference code for TDR's Good Reporters: [tdr 111678]

This article was posted here on TDR in these categories:

Archive, TDR:Misc, vintage.

  • `