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Embracer of Sweden acquires three new gaming companies 04 Feb, 2021 THQ Nordic and Gearbox, the developer of first-person shooter game Borderlands, for up to $2.5 billion. Embracer, known for games such as Darksiders and World War Z, will initially pay Gearbox $363 million with a commitment to pay an additional $ 1 billion over the next six years, dependent on conditions met. The other two companies it bought are—Cyprus-based Easybrain, a maker of advertising-based puzzles and logic game...

2 Min Read STOCKHOLM (Reuters) -Sweden’s Embracer agreed on Wednesday to buy three gaming companies including U.S.-based Gearbox, which makes the first-person shooter game Borderlands, for up to $2.5 billion. Since going public in 2016 Embracer has been in a race with France’s Ubisoft, of Assassin’s Creed fame, and Poland’s CD Projekt, maker of Cyberpunk 2077, to become the biggest European gaming company. Embracer’s shares rose 10% to 221 Swedish crowns on news of the deals, which ar...

2 Min Read STOCKHOLM (Reuters) -Sweden’s Embracer agreed on Wednesday to buy three gaming companies including U.S.-based Gearbox, which makes the first-person shooter game Borderlands, for up to $2.5 billion. Since going public in 2016 Embracer has been in a race with France’s Ubisoft, of Assassin’s Creed fame, and Poland’s CD Projekt, maker of Cyberpunk 2077, to become the biggest European gaming company. Embracer’s shares rose 10% to 221 Swedish crowns on news of the deals, which ar...

Article content STOCKHOLM — Swedish video game group Embracer on Wednesday agreed to buy three gaming companies including U.S.-based Gearbox, the maker of first-person shooter game Borderlands, for up to $2.5 billion in cash and stock. The company, known for games such as Darksiders and World War Z, will pay Gearbox $363 million initially with a commitment to pay another $1 billion in the next six years if certain operational and financial conditions are met. We apologize, but this video has ...

Swedens Embracer splurges up to $2.5bn on three gaming companies Embracer has splurged up to $2.5bn on acquisitions. Swedish video game group Embracer has agreed to buy three gaming companies, including US-based Gearbox, the maker of first-person shooter game Borderlands, for up to $2.5bn in cash and stock. The company, known for games such as Darksiders and World War Z, will pay Gearbox $363m initially with a commitment to pay another $1bn in the next six years if certain o...

Borderlands maker Gearbox and two other companies to be acquired by Embracer in $2.5 billion deal Swedens Embracer agreed on Wednesday to buy three gaming companies including U.S.-based Gearbox, which makes the first-person shooter game Borderlands, for up to $2.5 billion.Reuters | Updated: Feb 3, 2021, 06:38PM IST Swedens Embracer agreed on Wednesday to buy three gaming companies including U.S.-based Gearbox, which makes the first-person shooter game Borderlands, for up to $2.5 billion. Since...