Technology
UPDATE 1-Sweden’s Embracer expands reach with $2.5 bln game buying spree – Reuters
Sweden’s Embracer agreed on Wednesday to buy three gaming companies including U.S.-based Gearbox, which makes the first-person shooter game Borderlands, for up…
STOCKHOLM (Reuters) -Swedens Embracer agreed on Wednesday to buy three gaming companies including U.S.-based Gearbox, which makes the first-person shooter game Borderlands, for up to $2.5 billion.
Since going public in 2016 Embracer has been in a race with Frances Ubisoft, of Assassins Creed fame, and Polands CD Projekt, maker of Cyberpunk 2077, to become the biggest European gaming company.
Embracers shares rose 10% to 221 Swedish crowns on news of the deals, which are in a mixture of stock and…
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