Embracer Group, the European gaming large that owns Borderlands studio Gearbox, THQ Nordic, Koch Media, and others, has raised round $890 million to assist fund much more acquisitions.
The corporate stated in a news release that it has issued 36 million shares to lift round SEK 7.6 billion, which works out to $890 million USD. Embracer CEO Lars Wingefors stated the corporate is making this transfer to “proceed our technique in welcoming extra new nice corporations to the group.”
The assertion goes on to particularly point out that the cash can be used to not solely “strengthen the corporate’s monetary place” but additionally to provide it sufficient capital make extra acquisitions. These acquisitions may very well be sport studios outright like within the case of Gearbox, or the buyouts may very well be for varied gaming-related belongings or to enhance its operations with publishers.
“The corporate is at the moment witnessing a rising variety of potential near-term acquisition targets, which it’s actively reviewing and evaluating,” the corporate stated.
The discover didn’t identify any of the acquisition targets by identify.
Embracer has been making strikes lately, because it acquired the US studios Gearbox and Aspyr Media in 2021 alone, with Gearbox’s deal being the largest but at $1.3 billion. Embracer additionally owns Espresso Stain, which publishes the massively profitable Norse sport Valheim, whereas it additionally owns Saber Interactive, the builders engaged on the PS5 and Xbox Collection X|S editions of The Witcher 3: Wild Hunt.
Embracer says it owns 220+ franchises and 59 improvement studios, using greater than 5500 folks throughout 40+ international locations globally.