Romier S Posted February 3 Report Share Posted February 3 Quote Link to comment Share on other sites More sharing options...
Romier S Posted February 3 Author Report Share Posted February 3 They’ve also purchased Aspyr Media... https://embracer.com/release/embracer-group-acquires-aspyr-media/ Quote Link to comment Share on other sites More sharing options...
Romier S Posted February 3 Author Report Share Posted February 3 For posterity, Embracer also owns THQ Nordic and Saber Interactive. Quote Link to comment Share on other sites More sharing options...
ChrisBardon Posted February 3 Report Share Posted February 3 Well that's a big pile of money.... I do wonder whether any of this was influenced by the Bethesda deal last year. That doesn't necessarily mean that Embracer is setting themselves up to be completely acquired by someone, but given where things seem to be going with services (streaming or otherwise), having a large, consolidated catalogue of games puts you in a good position to deal with MS, Amazon, Sony or Google for streaming. Quote Link to comment Share on other sites More sharing options...
dogbert Posted February 3 Report Share Posted February 3 The market's consolidating. This is more about going against the likes of Tencent than MS/Bethesda. That Gearbox headline doesn't tell the whole story. It's $363 million up front, the rest is tied to performance of Gearbox over the next six years, with a pretty aggressive demand for profits - Gearbox has to earn over a billion in profits to get that earn out. And Gearbox is now over 500 people in size?? Firstly, Texas-based Gearbox Entertainment was secured for an initial purchase price of USD$363m (£265m) paid roughly equally in cash and newly issued shares, followed by a maximum earn-out consideration of USD$1.015bn (£742m), with the full amount payable within six years providing the studio accumulates USD$1.3bn in adjusted EBITDA over the period. Following the acquisition, Gearbox and its 550 employees will operate as an independent operating group under the Embracer Group umbrella, potentially acquiring further companies in the North American region under its marque. Romier S 1 Quote Link to comment Share on other sites More sharing options...
ChrisBardon Posted February 3 Report Share Posted February 3 3 hours ago, dogbert said: The market's consolidating. This is more about going against the likes of Tencent than MS/Bethesda. I wasn't even thinking of it as a "going against" than "working with". It means that the parent company can now shop out a game streaming/subscription package that includes Borderlands, Saints Row, Darksiders, etc along with all of their other properties. Easier to make a case for a large library, and with a couple of marquee things in the package, maybe they can get a better deal across the board? Might be overthinking how important services like that are going to be down the line. 1.3 billion in profits though...that's a lot of games. The business world is weird... Quote Link to comment Share on other sites More sharing options...
Graeme Posted February 3 Report Share Posted February 3 8 hours ago, dogbert said: That Gearbox headline doesn't tell the whole story. It's $363 million up front, the rest is tied to performance of Gearbox over the next six years, with a pretty aggressive demand for profits - Gearbox has to earn over a billion in profits to get that earn out. And Gearbox is now over 500 people in size?? 1.3B seemed rather high. This makes more sense. Quote Link to comment Share on other sites More sharing options...
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