MOU signed to sell Saab to Pang Da and Youngman. Nintendo launches Pippi game. Daniel: “Being a prince is delicious”
Saab becomes Chinese
Chinese Youngman and Pang Da buys 100% of Saab Automobile. “I’m very relieved,” says Swan and Saab Automobile CEO Victor Muller. Reconstruction of the car maker thus comes to a halt. A tentative deal - a Memo of Understanding - has been reached to purchase Saab for $142 million (EUR 100 million) in a memorandum valid until November 15. Saab has produced very few cars since first halting production in March because of lack of money, and was on the brink of bankruptcy last month after a Swedish court granted them protection from creditors. General Motors Co. sold Saab in February 2010 for $400 million in cash and preferred shares. “They have to rebuild the image of the brand,” said Martin Crum, an analyst at Amsterdam's Effectenkantoor BV. “It’s been quite damaged by all that’s happened.” Whether Saab will stay in Sweden remains to be seen, but Håkan Skött, IF Metal Club Chairman in Trollhättan believes so: “I think so. We talked earlier with both Pang Da and Young. I met the CEO for Pang Da a month ago, and they express a willingness to invest in Saab with a continued production in Trollhättan, even if they will also produce cars in China.”
Nintendo launches Pippi game
Pippi Långstrump (or Longstocking) follows in the footsteps of Super Mario and Donkey Kong; the red-haired girl is becoming a Nintendo character. Pan Vision has struck a deal with Saltkråkan AB, the company that holds the rights to Astrid Lindgren’s works, regarding the distribution of the game. According to svt.se (Swedish Television), it is all about creating a child-friendly digital challenge that takes place in an environment typical of Pippi, with activities that have different problem solutions. “It is still in development, it has yet to be decided what it is going to look like,” says Wai Kei Fung, Director of Development at Pan Vision.
Daniel: “Being a prince is delicious”
Prince Daniel is in the US and took some time to visit a school in Washington, DC, where he also let himself be interviewed by the school children, who wondered what life as a prince might be like. The kids greeted Daniel dressed up like Pippi Longstocking and Vikings. Among the questions asked, was “How did you become a prince?” Upon which the prince replied: “I was lucky to meet a princess. A pretty, pretty and nice princess. Now we are married and then I became a prince.” “Do you live in a castle?” another student asked. “Yeah, I do. It’s a nice castle in a big park.” And the most important question – what is being a prince really like? “It is nice to be a prince,” Daniel said. “It means I am lucky to meet you today, so that’s really delicious.”
Saab becomes Chinese. Youngman and Pang Da purchases the Swedish carmaker for $142 million.