Embracer chief executive Lars Wingefors said the sale, to be completed by the end of June, was"an important step in transforming Embracer into the future with notably lower net debt and improved free cash flow."
The sale would reduce the company's net debt by around $300-327 million, the group said in a statement. Gearbox will join a Take-Two line-up that includes the likes of"Grand Theft Auto" maker Rockstar Games and 2K, the studio behind"NBA 2K". Embracer, which also owns the"Tomb Raider" licence, acquired Gearbox in February 2021 in a deal potentially worth up to $1.4 billion as part of an acquisition spree that lasted several years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Bizarre But True Story Of A Woman Stuck On The Toilette For Two Years [Video]South African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Source: 2oceansvibe - 🏆 43. / 51 Read more »
TikTok Video of Woman’s R8k Capetown Fine Dining for 2 Two Leaves SA AmazedA TikTok video shows a woman in Cape Town who had a fine dining experience for thousands of rands. Mzansi peeps were amazed after seeing the luxury night out.
Source: brieflyza - 🏆 10. / 68 Read more »
‘I’m almost there’: Lira celebrates two years after stroke [video]Running in the desert and dancing to music: South African vocalist Lira celebrated two years since her stroke.
Source: TheSAnews - 🏆 25. / 59 Read more »
‘I have two businesses’ – Stellenbosch playerStellenbosch FC goalkeeper Lee Langeveldt is 37-year-old and looks ready for retirement. He is already running two businesses.
Source: TheSAnews - 🏆 25. / 59 Read more »
Algerian coach slaps two players during matchAlgerian coach slaps two players during match
Source: KickOffMagazine - 🏆 36. / 51 Read more »
China’s new CPU rules exclude two major manufacturersChina is enforcing guidelines that effectively ban the use of chips from AMD and Intel in government PCs. China is enforcing guidelines that effectively ban the use of chips from AMD and Intel in government PCs.
Source: htxtafrica - 🏆 42. / 51 Read more »