It’s presently evaluating a “rising variety of potential near-term acquisition targets.”
The Embracer Group has been buying studios for some time now with The Gearbox Leisure Firm and Aspyr Media being the newest. Nonetheless, it’s trying to proceed this technique by elevating greater than $890 million by way of 36 million new Class B shares at SEK 210 ($24.71) per share. Because the writer notes (by way of GamesIndustry.biz), the quantity might be used to “additional strengthen the corporate’s monetary place and, in fact, proceed its ongoing acquisition technique.”
The corporate is evaluating a “rising variety of potential near-term acquisition targets.” Presently, The Embracer Group has greater than 70 premium growth tasks that might be accomplished within the subsequent monetary 12 months. Many are anticipated to launch within the latter half.
Within the meantime, main releases like Biomutant are developing whereas early entry titles like Valheim and Passable proceed to carry out effectively. Aspyr Media can also be value keeping track of because it’s engaged on a high-profile title with a price range of $70 million (rumored to be a reboot of Star Wars: Knights of the Previous Republic). As for what the long run holds, keep tuned for extra particulars within the coming months.