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Gearbox Entertainment, an Embracer subsidiary, paid $125 million for Perfect World Entertainment

OP Miles
Start date Dec 21, 2021
Views 650

Miles

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Dec 21, 2021

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Embracer Group $EMBRAC subsidiary Gearbox Entertainment has acquired Perfect World Entertainment for $125 million. https://embracer.com/release/embracer-group-enters-into-agreement-to-acquire-perfect-world-entertainment/… This includes their in-house MMO developer Cryptic Studio and their global publishing division. Deal is expected to close in February.

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