Shortcut Media AB (publ) (XSAT:SMG) agreed to acquire 60% stake in Good Exercise AB in cash on September 30, 2016. The purchase price is to be paid partly in cash at closing and partly during period of three years. Good Exercise will continue to operate its business under existing brand and management. Gustaf Jannerfeldt and Petter Bergmar, founders of Good Exercise AB will continue to be a part of it. Good Exercise reported revenues of about SEK 5 million in 2015. Shortcut Media AB (publ) (XSAT:SMG) completed the acquisition of 60% stake in Good Exercise AB on September 30, 2016.