Embracer Group Takes Over Several Studios

THQ Nordic parent company, Embracer Group, announced they acquired several new studios, including 4A Games. It is reported that Embracer acquired 100% of the shares in 4A Games and the deal included an upfront purchase investment of "approximately $36 million on a cash and debt-free basis equivalent to an equity value of $45 million".

What is more, the company now fully owns the US and Canada-based studio, New World Interactive. They also acquired 100% of Austria-based Pow Wow Entertainment and 100% of the share capital of Germany-based Deca Live Operations.

"Embracer Group and Saber Interactive are the perfect partners for 4A Games and for our next phase of growth," said Dean Sharpe, CEO 4A Games. "Together we will continue to build on the Metro franchise and will focus on bringing a multiplayer experience to our fanbase. We look forward to building a new and even more ambitious AAA IP in the near future."