Screentime
Small Swedish Gamer Develops $2.4 Billion Fortune by Making Deals
- Embracer’s stock jumped more than 30-fold since 2016 debut
- Analyst asks where growth will come from when M&A runs dry
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A relatively unknown Swedish company has become Europe’s most valuable video-game developer after the region’s most prolific deal spree.
Embracer Group AB announced 27 takeovers over the past 12 months, according to data compiled by Bloomberg. Its pace of acquisitions surpassed U.K. business services provider Marlowe Plc, which announced 12 purchases during the period, and Swedish investment firm Lifco AB, which sealed 16 transactions.