Titan Quest

Embracer Group enters into agreement to acquire Demiurge Studios

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Wednesday, August 18, 2021
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STOCKHOLM, Aug. 18, 2021 /PRNewswire/ -- Embracer Group AB ("Embracer"), through its wholly owned subsidiary Saber Interactive Inc. ("Saber"), has entered into an agreement to acquire 100 percent of the shares in Demiurge Studios, Inc. ("Demiurge") from its current owners.

Key Points: 
  • STOCKHOLM, Aug. 18, 2021 /PRNewswire/ -- Embracer Group AB ("Embracer"), through its wholly owned subsidiary Saber Interactive Inc. ("Saber"), has entered into an agreement to acquire 100 percent of the shares in Demiurge Studios, Inc. ("Demiurge") from its current owners.
  • "Demiurge is one of the most highly respected development studios in the world.
  • Demiurge fits perfectly into the Saber/Embracer ecosystem and we have plans for immediate and rapid growth as part of the company", says Kurt Reiner, CEO of Demiurge Studios.
  • Ernst & Young AB is providing transaction support and Baker McKenzie is acting as legal counsel to Embracer in the transaction.