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[IbizaPocholo]

Embracer Group raises $164m for acquisition and expansion

Embracer Group has raised SEK 1.64 billion ($164 million) through a directed share issue for investment and acquisition…

www.gamesindustry.biz

Embracer Group has raised SEK 1.64 billion ($164 million) through a directed share issue for investment and acquisitions.

Over 100 global companies invested in the THQ Nordic parent company, which last year raised SEK 2 billion ($225 million) for similar expansion efforts.

The investment will be used to make further acquisitions of developers, publishers and other assets, in-line with the Embracer's recent acquisitions such as the $525 million deal for Saber Interactive in February this year.

Embracer also issued a statement regarding the ongoing coronavirus lockdown, and is "working hard on adapting operations to the current situation."

So far, the pandemic is having a "limited" impact on the group's business, which has seen increased engagement and demand in recent weeks.

All studios and publishers are up and running, with the majority of of employees working from; the transition caused "only a minor loss in production"

Things are less stable on the physical distribution side, however, as physical retailers close their doors for the immediate future.

Thanks mods for the title change

 

[GymWolf]

good, thq studios makes good games.

 

[IbizaPocholo]

Embracer Group is making 118 games including 69 unannounced titles

Embracer Group, formerly known as THQ Nordic, announced that it has 118 games under development, including 69 unannounced titles.

venturebeat.com

 

[Danny Dudekisser]

good, thq studios makes good games.

Lol, no they don't.

 

[GymWolf]

Lol, no they don't.

If you say so.

 

[Cravis]

118 games in development, that’s crazy!! They are killing it right now.

I’ll be contributing by purchasing Spongebob in May and Destroy All Humans! In July. Keep the hits coming.

 

[ClanOfNone]

That's a whole lotta titles for Ree to cancel, they'll have their work cut out for them.

 

[Stuart360]

Love THQ. They really have helped bring AA games back over the last 5 or 6 years or so. We had that horrible spell where all we had were AAA games or Indies, with very little inbetween.

 

[GrayChild]

Probably the best AA publisher along with Focus Home.

And oh boy, someone's gonna be pissed.

 

[jshackles]

 

[IbizaPocholo]

 

[oldergamer]

too bad 118 of those games will be mediocre

 

[Edgelord79]

good, thq studios makes good games.

If you say so.

 

[Kagero]

Hehehe, 69

 

[hybrid_birth]

Hard to believe they went bankrupt for a time. I think i saw a video that said their udraw tablets flopped and caused bankruptcy.

Glad to hear that they are doing well. I remember the thq name from my childhood.

 

[Yoboman]

Hard to believe they went bankrupt for a time. I think i saw a video that said their udraw tablets flopped and caused bankruptcy.

Glad to hear that they are doing well. I remember the thq name from my childhood.

THQ as it was ceased to exist

THQ Nordic just bought the rights to the name and some of the IP and rebranded

 

[Darkmakaimura]

Aren't they the pubs for Darksiders?

More Darksiders is a good thing.

 

[Deleted member 471617]

Embracer Group acquired 4A Games and Gunfire Games months ago which made me very happy. Just hoping they can acquire Airship Syndicate in the very near future.

 

[vaibhavpisal]

Huh?

I thought they only made gta. What are these games? Sounds plenty.

 

[NoviDon]

Cant wait for shit on a stick 2, capybara farmer, and meth dealer street adventures!

 

[Darkmakaimura]

Embracer Group acquired 4A Games and Gunfire Games months ago which made me very happy. Just hoping they can acquire Airship Syndicate in the very near future.

Gunfire is the dev I think for Darksiders (?) but I know Airship Syndicate are the former devs of the original game and the artist who also did Battle Chasers: Nightwar. A few years ago I decided to read through the entire comic series after I bought the game.

The dev and artist Joe Mad was really cool and even gifted me Battle Chasers on Steam when I publicly mentioned my interest in the game on Twitter. I don't even use Steam so what I did is bought the game with my own money on GOG.

I want more Joe Mad Battle Chasers. I love Darksiders and also Battle Chasers. Joe Mad is the shit (in the good kind of way)

 

[GymWolf]

If you say so.

Well played.

 

[ripeavocado]

Fast expansion is often a recipe for disaster.

118 games is a lot.

We'll see in 2-3 years.

 

[{insert code here}]

69 is a great number.