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Embracer Group acquires Appeal Studios, KAIKO, Massive Miniteam and FRAME BREAK
STOCKHOLM, May 11, 2021 /PRNewswire/
Embracer Group AB ( Embracer ) through its subsidiaries THQ Nordic GmbH and Amplifier Game Invest AB have entered into four acquisition agreements to acquire 100% each of Appeal Studios S.A., KAIKO GmbH, Massive Miniteam GmbH and FRAME BREAK AB. In addition, THQ Nordic is today also announcing that it has founded Gate 21 in Bosnia and Herzegovina. The aggregated day one purchase price for all four acquisitions amounts to approximately SEK 71 million on a cash and debt free basis.
THQ Nordic has made the following acquisitions:
Appeal Studios