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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 games, for $ 640 million with an additional $ 125 million to be paid over the next six years. And US-bas...

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 are in a mixture of stock and cash. Analysts at Citigroup said in a client note that the deals are lik...

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 are in a mixture of stock and cash. Analysts at Citigroup said in a client note that the deals are lik...

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 failed to load. Try refreshing your browser, or Sweden's Embracer buys three gaming companies for u...

Sweden's 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 operational and financial conditions are met. It has also bought Cyprus-based Easybrain, a maker of ...