Matvey Timoshenko News Today

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...

Embracer Group has merged with Easybrain, in a deal that will see the mobile publishers owners become the third largest shareholder in Embracer overall. The deal is worth a potential $765 million, of which $125 million will be paid based on agreed performance targets. However, the entire deal will be paid in newly issued B shares in Embracer Group, with a guaranteed $640 million in shares to be issued in stages over the next two years. After that two year period, Easybrains senior management --...

Embracer Group merges with Easybrain - Mobile World Live 03 FEB 2021 Sweden-based holding company Embracer Group agreed to merge with Cyprus-based game developer Easybrain, as it looks to boost its global reach in the mobile gaming market. The company stated the deal is valued at $640 million in cash, with an additional $125 million possible subject to meeting certain financial targets, and is expected to be finalised in two months. Easybrain develops classic puzzles and logic games. Embracer ...