Business World

Wednesday 22 November 2017

Buyout at Jordan-backed company

Nick Webb

Nick Webb

Former F1 boss -- and part-time drummer -- Eddie Jordan was one of the backers of Destiny Wireless, the digital pen firm bought out by Swedish firm Anoto recently.

Anoto purchased 51 per cent of the firm in which Jordan held "a beneficial interest". It has an option to buy out the remaining shares in the firm subject to certain conditions.

The deal marks another payout for the former BoI official turned Grand Prix entrepreneur. He had also backed Paul Kerley's Norkom Technology, which was taken over by BAe in a €217m deal earlier this year.

Sunday Indo Business

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