Embracer Group acquires Rare Earth Games
Amplifier Game Invest, a wholly owned subsidiary of Embracer Group acquires the Austria-based development studio Rare Earth Games with a team of highly experienced industry veterans. The acquisition marks the first investment by Amplifier Game Invest in Austria. Rare Earth Games focus on action-packed multiplayer game titles for PC, Consoles and Cloud services.Amplifier Game Invest acquires 100% of the shares in Rare Earth Games by paying the three founders an up-front consideration of EUR 0.3 million, of which 70% is paid in cash and 30% is paid in Embracer Group B shares. Earnout