Embracer Group AB has entered into an agreement to acquire all shares in Perfect World North America Corporation and Perfect World Publishing B.V. (Perfect World Entertainment), from Perfect World Europe B.V. Perfect World Entertainment is a video game developer and publisher for PC and consoles.
The acquisition adds on a total of 237 employees. The purchase price for the acquisition comprises a one-time payout of USD 125 million, divided into of USD 60 million in cash and USD 65 million in B shares of Embracer subject to consideration adjustment at closing. The purchase price net of cash amounts to USD 103 million.