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Embracer Group raises $164 million to acquire more studios and publishers

THQ Nordic parent company Embracer Group has raised $164 million through a directed new share issue.

Chris Kerr, News Editor

April 8, 2020

1 Min Read
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THQ Nordic parent company Embracer Group has raised $164 million through a directed new share issue

The company has resolved to issue 18.5 million new Class B shares at a price of 89.0 SEK ($8.87 USD) per share, and will use the cash to acquire more game publishers, development studios, and "other assets."

It's only been a few weeks since Embracer Group's last purchase, with the company acquiring French music game developer Voxler for an undisclosed fee through its Koch Media subsidiary.

The holding company also picked up World War Z developer Saber Interactive for an initial $150 million, and prior to that opened a trio of new development studios in Slovakia, the USA, and Sweden.

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About the Author

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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