Embracer Group, the European gaming giant that owns Borderlands studio Gearbox, THQ Nordic, Koch Media, and others, has raised around $890 million to help fund even more acquisitions.
The company said in a news release that it has issued 36 million shares to raise around SEK 7.6 billion, which works out to $890 million USD. Embracer CEO Lars Wingefors said the company is making this move to "continue our strategy in welcoming more new great companies to the group."
The statement goes on to specifically mention that the money will be used to not only "strengthen the company's financial position" but also to give it enough capital make more acquisitions. These acquisitions could be game studios outright like in the case of Gearbox, or the buyouts could be for various gaming-related assets or to complement its operations with publishers.
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