Fall Damage to be Acquired by Fragbite

Fall Damage to be Acquired by Fragbite

Business Mergers and Acquisitions

12 October 2023 17:12

Fragbite announced the acquisition of Fall Damage. Fragbite will pay SEK 20 million ($1.8 million) for this acquisition. Half of the payment will be in cash the other half in stocks.

Marcus Teilman, President and CEO stated “The acquisition is optimal for Fragbite Group as it enables considerable synergies, where both Fall Damage’s excellence and the game ALARA Prime lay the foundation for several parallel revenue streams over time. During a period of exclusivity, we already engaged with our global network and are thus in an advanced position to negotiate a publishing deal.”

Fall Damage was founded by Anders Gyllenberg, Mikael Kalms, Markus Nyström, and Dan Vanderlind in 2017.

Tags: Fragbite

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Fall Damage to be Acquired by Fragbite

Business Mergers and Acquisitions

12 October 2023 17:12

Tags: Fragbite

Fragbite announced the acquisition of Fall Damage. Fragbite will pay SEK 20 million ($1.8 million) for this acquisition. Half of the payment will be in cash the other half in stocks.

Marcus Teilman, President and CEO stated “The acquisition is optimal for Fragbite Group as it enables considerable synergies, where both Fall Damage’s excellence and the game ALARA Prime lay the foundation for several parallel revenue streams over time. During a period of exclusivity, we already engaged with our global network and are thus in an advanced position to negotiate a publishing deal.”

Fall Damage was founded by Anders Gyllenberg, Mikael Kalms, Markus Nyström, and Dan Vanderlind in 2017.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Valnet Acquires Polygon

Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

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May 02, 2025

Epic Games Reveals Webshop for Devs

Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...

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May 02, 2025

GTA 6 Delayed Again

Rockstar Games has officially delayed the release of Grand Theft Auto VI, pushing the launch date to May 26, 2026....

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May 02, 2025

EA to Lay off 300-400 Employees

Electronic Arts (EA) is laying off between 300 and 400 employees in a significant restructuring effort, according to a report...

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May 01, 2025

Ubisoft Cornered

Ubisoft has issued a response following a formal privacy complaint filed against the company by NOYB – the European Center...

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Apr 30, 2025