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HomeAcquisitionsEmbracer purchases Board Game Publisher Asmodee, Embracer Stock down 6%

Embracer purchases Board Game Publisher Asmodee, Embracer Stock down 6%

Today Embracer Group announced that it has purchased French board game publisher Asmodee.

The purchase would be for €2.75 billion ($3.1 billion). €350 million ($394 million) of the amount will be paid in newly issued Embracer shares. Embracer Investors did not react positively to the news and Embracer’s Stock dropped 6.6% after the announcement :

Embracer Stock drops 6.6% after the Company announced the acqusition

Asmodee will continue to operate as it has before the acquisition with no organizational changes.

“Asmodee would become our ninth operating group, moving Embracer towards becoming a leading independent global gaming eco-system with several market leading positions…the Embracer strategy to build on passionate entrepreneurs and creators with a decentralized operating model continues to prove successful.”

Embracer founder and CEO Lars Wingefors.

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