Embracer Group (THQ Nordic, Saber Interactive, DeepSilver, Koch Media) raises $164m for acquisition and expansion

[Maddox]

Embracer Group has raised SEK 1.64 billion ($164 million) through a directed share issue for investment and acquisitions.

Over 100 global companies invested in the THQ Nordic parent company, which last year raised SEK 2 billion ($225 million) for similar expansion efforts.

The investment will be used to make further acquisitions of developers, publishers and other assets, in-line with the Embracer's recent acquisitions such as the $525 million deal for Saber Interactive in February this year.

Embracer also issued a statement regarding the ongoing coronavirus lockdown, and is "working hard on adapting operations to the current situation."

Embracer Group raises $164m for acquisition and expansion

Embracer Group has raised SEK 1.64 billion ($164 million) through a directed share issue for investment and acquisition…

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