Embracer
Embracer Group closes the divestment of Gearbox Entertainment
On 28 March 2024, Embracer Group AB (“Embracer”) entered into an agreement to divest Gearbox Entertainment to Take-Two Interactive Software, Inc. All conditions for the transaction have now been fulfilled, and the transaction has been closed today.
As part of the transaction and settlement of certain earnout obligations 8,320,839 B shares of Embracer have been issued today at a subscription price of SEK 98.78 per share. Furthermore, and as settlement of additional earnout obligations, relating to Lost Boys Interactive, 2,083,267 B shares have been issued at a subscription price of SEK 79.30. The number of shares in Embracer after the share issues of B shares amounts to 1,349,944,863, of which 54,000,000 are A shares carrying ten votes each and 1,295,944,863 are B shares carrying one vote each. The total number of votes after the share issues is 1,825,540,757. Through the share issues, the share capital has increased to approximately SEK 1,874,923.93.
For further information on the transaction, reference is made to the press release announced on 28 March 2024, and the presentation about the transaction available on Embracer’s website.
Advisors
Goldman Sachs Bank Europe SE Sweden Bankfilial and Juno Capital Partners acted as joint financial advisers and Fenwick & West LLP acted as legal counsel to Embracer in the transaction. Ernst & Young provided services for financials and tax.
For more information, please contact:
Oscar Erixon, Head of Investor Relations
Phone: + 46 730 24 91 42
Email: oscar.erixon@embracer.com
Arman Teimouri, Head of External Relations
Phone: +46 793 33 05 60
Email: arman.teimouri@embracer.com
About Embracer Group
Embracer Group is a global Group of creative and entrepreneurial businesses in PC, console, mobile and other related media. The Group has an extensive catalog of over 900 owned or controlled franchises. With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its ten operative groups: THQ Nordic, PLAION, Coffee Stain, Amplifier Game Invest, DECA Games, Easybrain, Asmodee, Dark Horse, Freemode and Crystal Dynamics – Eidos. The Group has 106 internal game development studios and is engaging more than 11,000 employees in more than 40 countries.
Embracer Group’s shares are publicly listed on Nasdaq Stockholm under the ticker EMBRAC B.
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Datum | 2024-06-11, kl 23:20 |
Källa | MFN |