News Embracer Group set for more acquisitions as it raises over $890 million

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Embracer Group is gearing up for yet more acquisitions as it stands to raise more than $890 million.

The parent of THQ Nordic and Koch Media has issued 36 million new Class B shares at SEK 210 ($24.71) per share.

The process is expected to raise SEK 7.6 billion ($893.9 million), which will be used to "further strengthen the company's financial position and, of course, continue its ongoing acquisition strategy.

Embracer Group said it is looking to acquire new publishers, developers and "other assets" -- the latter potentially meaning more IP, having purchased the rights to dozens of games franchises in the past.

The company also said it is actively reviewing and evaluating a "growing number of potential near-term acquisition targets."

Embracer's most recent mergers and acquisitions include mobile publisher Easybrain, US developer Aspyr Media, and Borderlands studio Gearbox Entertainment. The three deals were worth just over $2 billion, with Gearbox as the biggest -- potentially worth up to $1.3 billion.

The three acquisitions followed Embracer's biggest spending spree yet, as it announced back in November it had acquired 12 development studios and a PR and influencer relations agency.

Embracer Group raising over $890m for even more acquisitions

Embracer Group is gearing up for yet more acquisitions as it stands to raise more than $890 million.The parent of THQ N…

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