Embracer Group (THQ Nordic) acquires Little Nightmares dev Tarsier Studios for $10.5m

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Dimple

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Jan 10, 2018
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Swedish developer Tarsier Studios is the latest company to be picked up by the Embracer Group, formerly THQ Nordic AB.

The group, which also owns publisher THQ Nordic, Koch Media and Coffee Stain, spent SEK 99 million on the acquisition, encompassing SEK 88 million ($9.34 million) in cash and SEK 11 million ($1.17 million) in newly issued B-shares.

There is also a conditional earn-out, payable over ten years to "certain sellers who will remain with Tarsier."

The deal includes retaining all 65 Tarsier employees and gives Embracer ownership of its intellectual property rights. However, the Little Nightmares brand is owned with Bandai Namco, while Stretchers (a comical paramedic game that launched on Switch earlier this year) belongs to Nintendo.
The Acquisition wars continue.
 
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