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Grom Social Enterprises, Inc. to Further Expand Entertainment Offerings Through Gaming as it Enters Into Letter of Intent to Acquire Leading Gaming Company, Arctic7

Retrieved on:

Thursday, March 7, 2024

Grom’s addition of Arctic7 could serve as an entry point for the company to secure a foothold in the growing and lucrative gaming industry and also explore opportunities to leverage gaming technology to serve the entertainment needs of today’s kids and families in new, innovative ways.

Key Points:

Grom’s addition of Arctic7 could serve as an entry point for the company to secure a foothold in the growing and lucrative gaming industry and also explore opportunities to leverage gaming technology to serve the entertainment needs of today’s kids and families in new, innovative ways.
The acquisition of Arctic7 would complement Grom's existing entertainment offerings of safe, social media for kids and its growing catalog of original intellectual property from Curiosity Ink Media, which Grom acquired in 2021.
Alan Van Slyke, co-founder of Arctic7, brings a wealth of experience from Executive Producer on Gears of War with Epic Games, Executive at Sperasoft and COO at Microsoft Studios’ Undead Labs.
Mark Rizzo, co-founder of Arctic7, with 25 years of experience from EA Games, Sony, Sperasoft, and Keywords Studios, specializes in tech, operations, and M&A, playing a pivotal role in building the PlayStation network.

Slate Asset Management Introduces Steelport and Unveils Preliminary Development Plans

Retrieved on:

Tuesday, May 16, 2023

The site’s current zoning allows Slate to develop up to 12 million square feet, creating an unrivaled industrial development pipeline.

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The site’s current zoning allows Slate to develop up to 12 million square feet, creating an unrivaled industrial development pipeline.
“Steelport reflects our commitment to raising the bar for industrial redevelopment,” said Blair Welch, Founding Partner at Slate.
Led by award-winning developer Slate Asset Management – whose team has deep roots in the Hamilton area – this project is a long-term investment in sustainable economic prosperity.
In May 2023, Slate debuted its plans for Corktown – a residential condominium development in Hamilton’s core comprised of design-forward homes and stunning amenities.

Embracer Group completes the acquisition of Asmodee

Retrieved on:

Tuesday, March 8, 2022

STOCKHOLM, March 8, 2022 /PRNewswire/ -- On 15 December 2021, Embracer Group AB ("Embracer") entered into exclusive negotiations to acquire Financire Amuse Topco SAS ("Asmodee") from funds advised or managed by PAI Partners SAS ("PAI") and other shareholders of Asmodee.

Key Points:

STOCKHOLM, March 8, 2022 /PRNewswire/ -- On 15 December 2021, Embracer Group AB ("Embracer") entered into exclusive negotiations to acquire Financire Amuse Topco SAS ("Asmodee") from funds advised or managed by PAI Partners SAS ("PAI") and other shareholders of Asmodee.
On 17 January 2022 Embracer, PAI and the other shareholders of Asmodee entered into a share purchase agreement to complete the transaction.
Asmodee now operates as the ninth operative group of Embracer, moving Embracer towards becoming a leading independent global gaming eco-system.
Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market.

Invitation to presentation of Embracer Group's Q3 report

Retrieved on:

Wednesday, February 9, 2022

STOCKHOLM, Feb. 9, 2022 /PRNewswire/ -- Embracer Group hereby invites you to a presentation in connection with the publication of the interim report for the third quarter, the period October-December 2021.

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STOCKHOLM, Feb. 9, 2022 /PRNewswire/ -- Embracer Group hereby invites you to a presentation in connection with the publication of the interim report for the third quarter, the period October-December 2021.
Online: Welcome to participate online via Embracer Group's official YouTube channel or by webcast.
Questions are welcome in advance by e-mail to: [email protected] and live during the presentation via a message board (not available on YouTube).
Embracer Group's shares are publicly listed on Nasdaq First North Growth Market Stockholm under the ticker EMBRAC B with FNCA Sweden AB as its Certified Adviser; [email protected] +46-8-528 00 399.

Announcement from Embracer Group's extra general meeting

Retrieved on:

Friday, January 7, 2022

STOCKHOLM, Jan. 7, 2022 /PRNewswire/ -- The extra general meeting of Embracer Group AB ("Embracer"or the"Company") was held today on7 January2022,and the following resolutions were passed by the meeting.

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STOCKHOLM, Jan. 7, 2022 /PRNewswire/ -- The extra general meeting of Embracer Group AB ("Embracer"or the"Company") was held today on7 January2022,and the following resolutions were passed by the meeting.
Following registration at the Swedish Companies Registration Office, this authorization will replace the authorization resolved upon by the extra general meeting held on16 September2021, under which there are still32,052,854shares left to issue.
Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market.
Embracer Group's shares are publicly listed on Nasdaq First North Growth Market Stockholm under the ticker EMBRAC B with FNCA Sweden AB as its Certified Adviser; [email protected] +46-8-528 00 399.

Five announced acquisitions are estimated to contribute SEK 246-316 million in operational EBIT during FY22/23 and SEK 519-689 million during FY23/24

Retrieved on:

Tuesday, December 21, 2021

The acquired businesses are expected to contribute to operational EBIT in the range of SEK 246-316 million during FY 22/23 and SEK 519-689 during FY 23/24.

Key Points:

The acquired businesses are expected to contribute to operational EBIT in the range of SEK 246-316 million during FY 22/23 and SEK 519-689 during FY 23/24.
Approximately SEK 2.3 billion is paid in cash and approximately SEK 770 million is paid in newly issued Embracer B shares.
The additional consideration comprises of a maximum of approximately SEK 720 million to be paid in cash and approximately SEK 230 million to be paid in Embracer B shares.
Thus, the price per share ranges from SEK 90.50 to SEK 91.94.

Embracer Group enters into agreement to aquire Spotfilm Networx

Retrieved on:

Tuesday, December 21, 2021

STOCKHOLM, Dec. 21, 2021 /PRNewswire/-- Embracer Group AB ("Embracer"), through its wholly owned subsidiary Koch Media GmbH, has acquired 100 percent of the shares in Spotfilm Networx GmbH ("Spotfilm Networx") from its five current owners.

Key Points:

STOCKHOLM, Dec. 21, 2021 /PRNewswire/-- Embracer Group AB ("Embracer"), through its wholly owned subsidiary Koch Media GmbH, has acquired 100 percent of the shares in Spotfilm Networx GmbH ("Spotfilm Networx") from its five current owners.
Spotfilm Networx is the leading Advertising-based Video on Demand (AVOD) channel network in Germany, located in Berlin.
Spotfilm Networx is the leading AVOD channel operator in Germany, located in Berlin, Germany.
Spotfilm Networx will be a full operating subsidiary under the Koch Media operative group, and will continue its operations out of their current facilities.

Invitation to Embracer Group's presentation on acquisitions at 09:00 (CET)

Retrieved on:

Tuesday, December 21, 2021

The presentation will be held in English by CEO LarsWingeforsandby the management ofthe acquired companies.A Q&A session will follow the presentation.

Key Points:

The presentation will be held in English by CEO LarsWingeforsandby the management ofthe acquired companies.A Q&A session will follow the presentation.
Online: Welcome toparticipate onlinevia Embracer Group'sofficial YouTubechannel or by webcast.
Questionscan be sentin advance by e-mail to: [email protected] and live during the presentation via a message board (not availableonYouTube).
Embracer Group is the parent company of businesses developing and publishing PC,consoleand mobile games for the global games market.

Embracer Group enters into agreement to acquire DIGIC

Retrieved on:

Tuesday, December 21, 2021

Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market.

Key Points:

Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market.
The Group has 86 internal game development studios and is engaging more than 9,000 employees and contracted employees in more than 40 countries.
Subscribe to press releases and financial information:
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions.
This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Embracer in any jurisdiction, neither from Embracer nor from someone else.

Embracer Group acquires Shiver Entertainment

Retrieved on:

Tuesday, December 21, 2021

Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market.

Key Points:

Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its eight operative groups: THQ Nordic GmbH, Koch Media GmbH/Deep Silver, Coffee Stain AB, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment and Easybrain.
The Group has 86 internal game development studios and is engaging more than 9,000 employees and contracted employees in more than 40 countries.
This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Embracer in any jurisdiction, neither from Embracer nor from someone else.