Paradox Interactive sells its shareholding in Hardsuit Labs to Keywords Studios

Paradox Interactive AB (Paradox) has divested its shares in the Seattle-based studio Hardsuit Labs, Inc (HSL) to Keywords Studios plc (Keywords) for a cash consideration of MUSD 4.0.The divestment was a part of a complete acquisition of HSL by Keywords.

Paradox acquired 33 percent of the shares in HSL in 2018, and the studio has since then been an associate company in the Paradox Group.

For additional information, please contact:
Fredrik Wester, CEO Paradox Interactive
Alexander Bricca, CFO Paradox Interactive
Email: ir@paradoxinteractive.com
Phone: +4670-355 54 18

About Paradox Interactive
Paradox Interactive is one of the premier developers and publishers of strategy and management games for PC and consoles. The players are located all over the world but some of the biggest markets are North America, Western Europe and Asia.The game portfolio consists of popular franchises such as Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines, Prison Architect, the Surviving games, Age of Wonders and Victoria. Paradox Interactive also owns the World of Darkness brand catalog. In total, Paradox games have over five million players each month.

Paradox Interactive AB (publ)’s shares are listed on Nasdaq Stockholm First North Premier under ticker PDX. Certified Advisor: FNCA Sweden AB. For more information, please visit www.paradoxinteractive.com.