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Mastertronic sells up to Dutch partner

GI.Biz writes: "Value publisher Mastertronic has sold a stake of its business to Dutch firm Hermans Group, in a move that it claims will provide security and growth for 2009.

Managing director Andy Payne said that a number of staff will be leaving the company, while Payne and partner Garry Williams will remain with the business long-term.

"The whole team have worked their socks off to make this deal happen, in what have been extraordinarily challenging circumstances," said Payne."

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