In the endeavors of THQ Nordic parent company Embracer Group, the firm has officially acquired Metro series developer, 4A Games. The firm made the announcement earlier today disclosing that the agreement was settled upon and the Swedish holdings firm will commenced on the purchase of the Ukrainian studio shortly on.
Just this past February following furthered interest in developer Saber Interactive, the Embracer Group disclosed to be acquiring the New Jersey team also. While the studio currently has ties with developer 2K, the company stated that operations outside of the Embracer Group’s jurisdiction will still commence with no interference in coming projects helmed by Saber Interactive.
Embracer Group AB (“Embracer”), through its wholly-owned subsidiary Saber Interactive, has today entered into an agreement to acquire 100 percent of Malta-based 4A Games Limited (“4A Games”). 4A Games is a top-tier independent AAA PC and Console developer behind the successful Metro franchise and a long-term development partner to the Embracer owned publisher Deep Silver.
As part of the acquisition for 4A Games, the transaction is said to align with the purchase of Saber Interactive as the studio “onboards a reputable team of 150+ people across two studios in Malta and Ukraine.” Elaborating more on the plans evolving from the acquiring of the team, 4A Games is told to be working on two separate AAA projects with one of those being a new intellectual property which has yet to be properly announced.
“We will continue to build on the Metro franchise and will focus on bringing a multiplayer experience to our fanbase. We look forward to building a new and even more ambitious AAA IP in the near future,” 4A Games CEO Dean Sharpe states. Delving deeper into the transaction for 4A Games’s acquisition, Embracer Group pens that the transaction will consist of roughly 35 million USD to meet the fulfillment of the agreement between both parties.
Previously back in May, Embracer Group during that scheduled financial report shared that the firm currently has more than 110 titles in development divided between its subsidiary studios. Approximately 69 of those titles at the time were said to be unannounced. You can read the full report by heading here.
What are you hoping is to come from the next project by 4A Games now officially under Embracer Group?
Source: Embracer Group