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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...

Embracer Group has merged with Easybrain, in a deal that will see the mobile publisher's 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, Easybrain's senior management -- Peter Skoromnyi, Matvey Timoshenko and Oleg Grushevich -- will collectively be the third largest ...

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 Group CEO Lars Wingefors said the game developer was “a highly diversified growth business” hold...