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MGT Capital (MGTI) to Proceed with D-Vasive Acquisition; Enters Employment Agreements with McAfee, Anderson

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MGT Capital to Proceed with Acquisitions of D-Vasive and Demonsaw

November 4, 2016 9:30 AM EDT

HARRISON, N.Y., Nov. 4, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) announced today that it plans to move ahead with the shareholder approved Asset Purchase Agreement (the "Agreement") for D-Vasive, which includes the acquisition of Demonsaw. Per the closing conditions of the Agreement, the Company will also execute employment agreements with John McAfee and Eric "Eijah" Anderson as Chief Executive Officer and Chief Technology Officer, respectively.

The Agreement was overwhelmingly approved by MGT's shareholders at the Company's Annual Meeting held on September 8, 2016. The terms of the Agreement are... More