Acquired through Embracer's wholly owned subsidiary Embracer Group Lager 2 AB and will be part of the Saber Interactive group.
“Fractured Byte is an impressive studio that has done fantastic work on world-class IPs in its relative short history. We’re excited to bring them into the fold to collaborate closely together moving forward”, says Andrey Iones, COO and co-founder of Saber Interactive.
Background and rationale
Founded in 2018, Fractured Byte is an independent studio with headquarters located in Tallin, Estonia and with development operations across three locations in Ukraine. The studio has extensive game development experience and has collaborated with global developers and publishers on porting projects. For example, the studio’s experience involves work on titles such as Borderlands: The Legendary Collection and Tony Hawk's Pro Skater 1 and 2 for Nintendo Switch. Fractured Byte is led by one of its co-founders who will remain as CEO.
Through the acquisition, Saber onboards an experienced team that adds to Embracer’s work-for-hire capabilities and continues to build on the longstanding relationship with the studio. Going forward, Fractured Byte will continue to operate as a subsidiary to Saber and work closely with the Saber team on internal and external game development projects.
“We are excited to team up with Saber to build on our existing relationship. We look forward to growing the studio under Saber and Embracer and continue making great games”, says co-founder and CEO of Fractured Byte.
The parties have agreed not to disclose the terms. The purchase price contains an upfront part and a 6-year potential earn-out and consists of a mix of cash and newly issued Embracer B shares. The terms and conditions for the acquisition are in line with previous Embracer transactions.
Completion of the transaction
The transaction is subject to certain conditions and is estimated to be completed by the end of September 2021.
Ernst & Young AB is providing transaction support and Baker McKenzie and Cobalt are acting as legal counsel to Embracer in the transaction.
For additional information, please contact:
Lars Wingefors, Co-founder and Group CEO Embracer Group AB
Tel: +46 708 47 19 78
Andrey Iones, COO and Co-founder Saber Interactive
About Embracer Group
Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market. The Group has an extensive catalogue of over 240 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory, Wreckfest, Insurgency, World War Z and Borderlands, amongst many others.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its eight operative groups: THQ Nordic, Koch Media Publishing, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment and Easybrain. The Group has 77 internal game development studios and is engaging more than 8,000 employees and contracted employees in more than 40 countries.
Embracer Group’s shares are publicly listed on Nasdaq First North Growth Market Stockholm under the ticker EMBRAC B with FNCA Sweden AB as its Certified Adviser; firstname.lastname@example.org +46-8-528 00 399.
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Embracer Group is a parent company of businesses led by entrepreneurs in PC, console, mobile and board games and other related media. The Group has an extensive catalog of over 850 owned or controlled franchises.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its twelve operative groups: THQ Nordic, Plaion, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, Dark Horse, Freemode and Crystal Dynamics - Eidos Montréal. The Group has 132 internal game development studios and is engaging more than 15,731 employees and contracted employees in more than 40 countries.