Embracer Group acquires Zen Studios - Seite 2

Through the acquisition, Saber onboards an experienced studio with strong capabilities in developing and publishing original titles led by an experienced team. Saber sees an opportunity to improve Zen Studio's development process from concept, production and release, and look forward to providing support and resources in order to strengthen the

Zen Studios team in upcoming projects.

Within the Embracer Group, Zen Studios will operate as an independent studio under Saber, with continued focus on developing premium games. Zen Studios strengthens Embracer Group's footprint and Saber's development capabilities in Eastern Europe. Saber will support Zen Studio's expansion into the RPG genre, leveraging the expertise of both teams to enhance the gaming experience of current and future titles even further.

"Zen Studio's operational philosophy and vision for the future aligns perfectly with that of the Embracer Group. With values and goals aligned, I have no doubt that this is a perfect fit, and it an honor to join forces with a global partner who truly appreciates the value Zen has created. Together we will accelerate our path to greater success as we begin to execute the next phase of Zen's global expansion" says Zsolt Kigyossy, Co-founder and Managing Director Zen Studios.

Purchase Price 

The parties have agreed not to disclose the full transaction terms due to commercial reasons. The upfront consideration consists of a mixture of cash and Embracer B shares. The earnout consideration of cash and shares is based on financial targets up until 2025 (5 years). The terms and conditions for the acquisition is in line with previous Saber transactions.

Completion of the transaction

The transaction is subject to certain conditions and is expected to be completed in early 2021.

Advisers

Ernst & Young AB is providing transaction support and Baker McKenzie is acting as legal counsel to Embracer in the transaction.

For additional information, please contact:

Lars Wingefors, Co-founder and Group CEO Embracer Group AB
Tel: [phone]
E-mail: [e-mail]

Matthew Karch, CEO Saber Interactive
Tel: [phone]
E-mail: [e-mail]

Zsolt Kigyossy, Co-founder and Managing Director, Zen Studios
Tel: [phone]
E-mail: [e-mail]

About Embracer Group

Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market. Embracer Group has an extensive catalogue of over 190 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory, Wreckfest, Insurgency and World War Z, amongst many others.