Embracer Group has completed the issue of 35.6 million new shares. The issue of securities brought SEK 5.75 billion ($648 million) to the holding. The company is going to spend the proceeds on the purchase of new game studios.

Embracer Group continues to buy studios. Today, the Swedish holding company announced the acquisition of the Dutch developer of VR games Vertigo Games. The transaction amount was €50 million.The purchase was made through a subsidiary of Koch Media.

The Swedish holding Embracer Group, which acquired eight studios at once this month, published a report for the 2019 fiscal year (April 2019-March 2020). The company has increased its profit by a third and has already raised almost $200 million to acquire new developers.Key results

Embracer Group has announced the purchase of eight companies. Among them are both large developers like 4A Games and New World Interactive, as well as small indie studios. We briefly tell you about each transaction.4A Games

Embracer Group Holding announced a major purchase. Through a subsidiary of Saber Interactive, he acquired 100% of Maltese 4A Games. The latter is known as the developer of the Metro shooter series. The transaction amount may amount to $80 million.

Embracer Group has raised $164 million to purchase new assets. More than 100 investors have become shareholders of the parent company THQ Nordic. Thus, in total, $389 million has been invested in it since February last year.

Embracer Group‘s second deal of the day. After the news of the acquisition of Saber Interactive, it became known that the Swedish gaming conglomerate today also agreed to purchase Voxler Studio, which develops karaoke for consoles.

Saber Interactive, partially based in Russia, will join the Embracer Group. It will become the fifth operating group of the holding, formerly known as THQ Nordic AB.