Gaming Group Embracer Expands In VR With Vertigo Games Acquisition

Gaming Group Embracer Expands In VR With Vertigo Games Acquisition<!–

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<desc/><defs/><g fill=”none” fill-rule=”evenodd” id=”Page-1″ stroke=”none” stroke-width=”1″><g fill=”#000000″ id=”Icons-Communication” transform=”translate(-168.000000, -43.000000)”><g id=”email” transform=”translate(168.000000, 43.000000)”><path d=”M18,0 L2,0 C0.9,0 0,0.9 0,2 L0,14 C0,15.1 0.9,16 2,16 L18,16 C19.1,16 20,15.1 20,14 L20,2 C20,0.9 19.1,0 18,0 L18,0 Z M18,4 L10,9 L2,4 L2,2 L10,7 L18,2 L18,4 L18,4 Z” id=”Shape”/></g></g></g></svg></a> </div> </div> </div> <div id=”left” class=”articleleft”> <div class=”bredcrum”> <div class=”bredcrum-txt”> <a href=”https://www.news18.com/”> <span>News18</span> </a> <strong>»</strong><a href=”https://www.news18.com/tech/” itemprop=”url” class=”act”><span itemprop=”title”>tech</span></a> </div> <div class=”read-story”><span></span> 1-MIN READ</div> </div> <!– /1039154/NW18_ENG_Desktop/NW18_ENG_TEST/NW18_ENG_TEST_OutStream/NW18_ENG_TEST_1x1 –><br /> <div id=’div-gpt-ad-1592999799004-0′ style=’width: 1px; height: 1px;’> <script> googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1592999799004-0’); }); </script><br /> </div> <div class=”article-box”> <h1>Gaming Group Embracer Expands In VR With Vertigo Games Acquisition</h1> <div class=”article-byno-limg”> <div class=”article-bimg”> <figure><img src=”https://images.news18.com/ibnlive/uploads/2020/07/1595612580_news18_technology_default_image.jpg?impolicy=website&width=534&height=356″ alt=”Gaming Group Embracer Expands In VR With Vertigo Games Acquisition” title=”Gaming Group Embracer Expands In VR With Vertigo Games Acquisition” /></figure> </div> <div class=”article-bnow-box”> <h2>Swedish game developer Embracer has agreed to buy Netherlandsbased virtual reality (VR) games maker Vertigo Games for 50 million euros ($59.25 million) upfront and a possible additional payment of up to 65 million depending on its performance over the coming years.</h2> <ul class=”article-bnow”> <li><strong><a href=”https://www.news18.com/agency/reuters.html” class=”agnam”>Reuters</a></strong> </li> <li><strong>Last Updated:</strong> September 16, 2020, 12:45 PM IST</li> <li> <strong>FOLLOW US ON:</strong> <div class=”insidefollwicon”> <a href=”https://www.facebook.com/cnnnews18/” target=”_blank” onclick=”ga(‘send’, ‘event’, ‘Social Interactions’, ‘Click’, ‘Social-link-facebook’);”><svg enable-background=”new 0 0 512 512″ height=”512px” id=”Layer_1″ version=”1.1″ viewBox=”0 0 512 512″ width=”512px” xml:space=”preserve” xmlns=”https://www.w3.org/2000/svg” xmlns:xlink=”https://www.w3.org/1999/xlink”><g><path d=”M191.844,511.5V288.375h-68.313V188h69.875v-83.063c0,0,3.188-104.625,92.813-105.438h99.75V98h-61.875 c0,0-26.125,0-26.125,29.438c0,29.375,0,62.313,0,62.313h89.5l-10.75,100.313h-77.188V511.5H191.844z”/></g></svg>Facebook</a> <a href=”https://twitter.com/CNNnews18″ target=”_blank” onclick=”ga(‘send’, ‘event’, ‘Social Interactions’, ‘Click’, ‘Social-link-Twitter’);”><svg enable-background=”new 0 0 56.693 56.693″ height=”56.693px” id=”Layer_1″ version=”1.1″ viewBox=”0 0 56.693 56.693″ width=”56.693px” xml:space=”preserve” xmlns=”https://www.w3.org/2000/svg” xmlns:xlink=”https://www.w3.org/1999/xlink”><path d=”M52.837,15.065c-1.811,0.805-3.76,1.348-5.805,1.591c2.088-1.25,3.689-3.23,4.444-5.592c-1.953,1.159-4.115,2-6.418,2.454 c-1.843-1.964-4.47-3.192-7.377-3.192c-5.581,0-10.106,4.525-10.106,10.107c0,0.791,0.089,1.562,0.262,2.303 c-8.4-0.422-15.848-4.445-20.833-10.56c-0.87,1.492-1.368,3.228-1.368,5.082c0,3.506,1.784,6.6,4.496,8.412 c-1.656-0.053-3.215-0.508-4.578-1.265c-0.001,0.042-0.001,0.085-0.001,0.128c0,4.896,3.484,8.98,8.108,9.91 c-0.848,0.23-1.741,0.354-2.663,0.354c-0.652,0-1.285-0.063-1.902-0.182c1.287,4.015,5.019,6.938,9.441,7.019 c-3.459,2.711-7.816,4.327-12.552,4.327c-0.815,0-1.62-0.048-2.411-0.142c4.474,2.869,9.786,4.541,15.493,4.541 c18.591,0,28.756-15.4,28.756-28.756c0-0.438-0.009-0.875-0.028-1.309C49.769,18.873,51.483,17.092,52.837,15.065z”/></svg>Twitter</a> <a href=”https://www.instagram.com/cnnnews18/” target=”_blank” onclick=”ga(‘send’, ‘event’, ‘Social Interactions’, ‘Click’, ‘Social-link-Instagram’);”><svg data-name=”Layer 21″ height=”24″ id=”Layer_21″ viewBox=”0 0 24 24″ width=”24″ xmlns=”https://www.w3.org/2000/svg”><title/><path d=”M15.5,3h-7A5.5,5.5,0,0,0,3,8.5v7A5.5,5.5,0,0,0,8.5,21h7A5.5,5.5,0,0,0,21,15.5v-7A5.5,5.5,0,0,0,15.5,3Zm4,12.5a4.00454,4.00454,0,0,1-4,4h-7a4.00454,4.00454,0,0,1-4-4v-7a4.0045,4.0045,0,0,1,4-4h7a4.0045,4.0045,0,0,1,4,4Z”/><path d=”M12,7.5A4.5,4.5,0,1,0,16.5,12,4.5,4.5,0,0,0,12,7.5ZM12,15a3,3,0,1,1,3-3A3.0034,3.0034,0,0,1,12,15Z”/><circle cx=”16.70001″ cy=”7.29999″ r=”1″/></svg>Instagram</a> </div> </li> </ul> </div> </div> <article class=”article-content-box first_big_character” id=”count_7″> <p>STOCKHOLM: Swedish game developer Embracer has agreed to buy Netherlands-based virtual reality (VR) games maker Vertigo Games for 50 million euros ($59.25 million) upfront and a possible additional payment of up to 65 million depending on its performance over the coming years.</p><p>“We have been monitoring the VR market over the past years very closely,” Klemens Kundratitz, CEO at Embracer subsidiary Koch Media said in a statement on Wednesday.</p><figure class=”article-mad” id=”1″><div id=’NW18_ENG_Desktop/NW18_ENG_Tech/NW18_ENG_Tech_AS/NW18_ENG_TECH_AS_ROS_MID_728′ > <script> googletag.cmd.push(function () { googletag.display(‘NW18_ENG_Desktop/NW18_ENG_Tech/NW18_ENG_Tech_AS/NW18_ENG_TECH_AS_ROS_MID_728’); }); </script> </div></figure> <!——————This is testing on stg——————–> <script async src=”https://securepubads.g.doubleclick.net/tag/js/gpt.js”></script> <script> window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot(‘/1039154/NW18_ENG_PWA/NW18_ENG_PWA_Test/NW18_ENG_PWA_Test_Outstream’, [1, 1], ‘div-gpt-ad-1595248121201-0′).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.enableServices(); }); </script> <!– /1039154/NW18_ENG_PWA/NW18_ENG_PWA_Test/NW18_ENG_PWA_Test_Outstream –> <div id=’div-gpt-ad-1595248121201-0′ style=’width: 1px; height: 1px;’> <script> googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1595248121201-0′); }); </script> </div> <!–/////////////////////end code testing///////////////////////—> <p>“We feel that now is the right time to extend our groups activities into this fast-growing market.”</p><p>The upfront payment consists of 40 million euros in cash and 10 million in newly issued Embracer B-shares.</p><p>“Subject to fulfilment of agreed earnings targets and release of certain titles during an up to 10 years period an earn-out consideration of a maximum of EUR 65 million may be paid,” Embracer said.</p><p>Embracer, which develops and publishes PC, console and mobile games, has seen its share soar 133% this year, boosted by a strong earnings performance and a string of gaming studio acquisitions.</p><figure class=”article-mad” id=”5/7″><div id=’NW18_ENG_Desktop/NW18_ENG_Tech/NW18_ENG_Tech_AS/NW18_ENG_TECH_AS_ROS_BTF_728’ > <script> googletag.cmd.push(function () { googletag.display(‘NW18_ENG_Desktop/NW18_ENG_Tech/NW18_ENG_Tech_AS/NW18_ENG_TECH_AS_ROS_BTF_728′); }); </script> </div></figure><p>($1 = 0.8440 euros)</p> </article> <div class=”queryvideo” style=”display:none;”>Array<br /> (<br /> )<br /> </div> <div id=”web920x130_ros”></div> <div class=”article-share” style=”border-top: 1px dotted #939393;padding: 10px 0; margin-top: 15px;”> </div> <ul class=”tags-bnow” style=”border-top:none; padding:0px;”> <li><strong>Tags:</strong> <a href=”https://www.news18.com/newstopics/.html” title=”” class=”bpnon”></a></li> <li><strong>First Published:</strong> September 16, 2020, 12:45 PM IST</li> </ul> <div class=”OUTBRAIN” data-src=”https://www.news18.com/news/tech/gaming-group-embracer-expands-in-vr-with-vertigo-games-acquisition-2880907.html” data-widget-id=”AR_1″></div> <script type=”text/javascript” async=”async” src=”//widgets.outbrain.com/outbrain.js”></script> <a href=”https://www.news18.com/news/tech/exclusive-alibaba-china-mobile-weigh-443-mln-investment-in-blacklisted-dahua-sources-2880841.html” class=”nxtstory vspacer20″>Next Story</a> </div> </div> <div id=”right”> <script> window.googletag = window.googletag || {cmd: []};<br /> </script> <div style=”margin-top:10px”></div> <div id=’NW18_ENG_Desktop/NW18_ENG_Tech/NW18_ENG_Tech_AS/NW18_ENG_TECH_AS_ROS_ATF_300’ class=”add expandoad”> <script> googletag.cmd.push(function () { googletag.display(‘NW18_ENG_Desktop/NW18_ENG_Tech/NW18_ENG_Tech_AS/NW18_ENG_TECH_AS_ROS_ATF_300′); 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cursor: pointer;}<br /> .corona-boxr .corona-header .coorna-tab li:last-child {margin-right:0;}<br /> .corona-boxr .corona-header .other-link {display: flex;align-items: center;padding-right: 30px;}<br /> .corona-boxr .corona-header .other-link li {margin-right: 20px;font-size: 14px;text-transform: uppercase;font-family: ‘Segoe Pro Bold’;}<br /> .corona-boxr .corona-header .other-link li:last-child {margin-right:0;}<br /> .corona-boxr .corona-header .other-link li a {color: #fff;display: flex;align-items: center;}<br /> .corona-boxr .corona-header .other-link li a span{display:block;}<br /> .corona-boxr .corona-header .other-link li a .icon{margin-right: 7px;}<br /> .corona-boxr .corona-header .other-link li a .icon img {max-height: 30px;}<br /> .corona-boxr .corona-header .other-link li a .text {line-height: 13px;}<br /> .corona-boxr .corona-header .other-link li a .text span {color: #BBBBBB;font-size: 12px;font-family: ‘Segoe Pro Regular’;}<br /> .corona-main-inner {display:flex;border: 1px solid #444444;background: #1F2326;margin-bottom: 5px;}<br /> .corona-main-inner .c-main-l {width:25%;padding:10px 10px 5px;border-right: 1px solid #444444;box-sizing: border-box;}<br /> .corona-main-inner .c-main-r {width:75%;}<br /> .corona-main-inner .c-main-r ul {display:flex;}<br /> .corona-main-inner .c-main-r ul li {font-family: ‘Segoe Pro Regular’;flex:0 0 25%;border-right: 1px solid #444444;text-align: center; position:relative;padding:0 0 3px 0;}<br /> .corona-main-inner .c-main-r ul li:last-child{border-right:0;}<br /> .corona-main-inner .c-main-r ul li:after{content:”; width:100%; height:3px; background:#707070;position: absolute;left: 0;bottom: 0;}<br /> .corona-main-inner .c-main-r ul li .head1{color: #BBBBBB;font-size: 11px;text-transform: uppercase;}<br /> .corona-main-inner .c-main-r ul li .head2 {font-size: 34px;font-family: ‘Segoe Pro Bold’;padding: 5px 0;}<br /> .corona-main-inner .c-main-r ul li span {font-size: 12px;}<br /> .corona-main-inner .c-main-r ul li.active-cases .head2{color:#FFB727;}<br /> .corona-main-inner .c-main-r ul li.active-cases span {color:#FFB727;}<br /> .corona-main-inner .c-main-r ul li.total-confirmed .head2{color:#FFD488;}<br /> .corona-main-inner .c-main-r ul li.total-confirmed span {color:#FFD488;}<br /> .corona-main-inner .c-main-r ul li.cured .head2{color:#41B408;}<br /> .corona-main-inner .c-main-r ul li.cured span{color:#41B408;}<br /> .corona-main-inner .c-main-r ul li.total-deaths .head2{color:#E34042;}<br /> .corona-main-inner .c-main-r ul li.total-deaths span{color:#E34042;}<br /> .c-main-select {width: 100%;padding: 4px;border: 0; margin-bottom: 10px;}<br /> .c-main-l-head {color: #444444;font-size: 24px;font-family: ‘Segoe Pro Regular’;text-transform: uppercase;}<br /> .corona-m-ftr {display: flex;justify-content: space-between;align-items: center;}<br /> .corona-m-ftr .corona-m-box {font-family: ‘Segoe Pro Regular’;color: #FFECCB;font-size: 11px;font-style: italic;}<br /> .corona-m-ftr .corona-m-box span{color: #FFECCB;font-weight: 900;border-bottom: 1px solid;}<br /> .corona-m-ftr .corona-m-box:nth-child(2){color: #FFB727;}<br /> .corona-m-ftr .corona-hospital {font-family: ‘Segoe Pro Regular’;background: #F5F5F5;color: #E1261C;font-size: 12px;text-transform: uppercase;padding: 3px 18px;border-radius: 25px;display: flex;align-items: center;}<br /> .corona-m-ftr .corona-hospital img {width: 22px;margin-right: 5px;}<br /> .note-icon {margin-right: 7px;display: inline-block;vertical-align: top;width: 20px;}<br /> .note-icon img{display: block;width: 20px;}<br /> .corona-boxr .corona-header .coorna-tab li.active {position: relative;font-family: ‘Segoe Pro bold’;color: #FFC44E;}<br /> .corona-boxr .corona-header .coorna-tab li.active:before {content: ”;width: 100%;height: 3px;position: absolute;background: #FFC44E;bottom: 0;left: 0;}<br /> .corona-boxr .corona-header .coorna-tab li.active:after {content: ”;width: 0px;height: 0px;border-left: 6px solid transparent;border-right: 6px solid transparent;border-top: 6px solid #FFC44E;position: absolute;top: 100%;left: 10px;} .bounce {animation-name:bounce;animation-timing-function: ease; animation-duration: 2s;animation-iteration-count: infinite;}<br /> @keyframes bounce {<br /> 0% { transform: scale(1,1) translateY(0); }<br /> 10% { transform: scale(1.1,.9) translateY(0); }<br /> 30% { transform: scale(.9,1.1) translateY(-20px); }<br /> 50% { transform: scale(1,1) translateY(0); }<br /> 100% { transform: scale(1,1) translateY(0); }<br /> }<br /> .corona-glide {position: relative;width:90%;box-sizing: border-box;display: inline-block;}<br /> .corona-glide * {box-sizing: inherit; }<br /> .corona-glide .glide__track {overflow: hidden; }<br /> .corona-glide .glide__slides {position: relative;width: 100%;list-style: none;backface-visibility: hidden;transform-style: preserve-3d;touch-action: pan-Y;overflow: hidden;padding: 0;white-space: nowrap;display: flex;flex-wrap: nowrap;will-change: transform; }<br /> .corona-glide .glide__slide {width: 100%;height: 100%;flex-shrink: 0;white-space: initial;user-select: none;-webkit-touch-callout: none;-webkit-tap-highlight-color: transparent; }<br /> .corona-glide .glide__slide a {user-select: none;-webkit-user-drag: none;-moz-user-select: none;-ms-user-select: none; }<br /> .help-lineno .helphead{font-size:12px;font-weight:normal;line-height:12px;}<br /> .help-lineno .helphead img{width: 10px;}<br /> .covid-radio {padding-left: 20px;position: relative;line-height: 15px;}<br /> .covid-radio .covid-radio-label {color:#FFC44E;font-size:11px;text-transform: uppercase;}<br /> .covid-radio input[type=”radio”] {position: absolute;opacity: 0;z-index:1;left:0;top:3px;cursor:pointer;margin:0;}<br /> .covid-radio input[type=”radio”] + .covid-radio-label:before {position: absolute;content: ”;border-radius: 100%;border:1px solid #ffc44e;display: inline-block;width: 10px;height: 10px;top: 3px;vertical-align: top;cursor: pointer;text-align: center;-webkit-transition: all 250ms ease;transition: all 250ms ease;left: 0;}<br /> .covid-radio input[type=”radio”]:checked + .covid-radio-label:before {background-color: #ffc44e;box-shadow: inset 0 0 0 2px #1f2326;}<br /> .covid-19-loading {text-align: center;padding: 50px 0;width: 100%; color: #fff;}<br /> .covid-19-loading:before {content: “”;display: inline-block;border-radius: 50%;width: 24px;height: 24px;margin: 0 10px -6px 0;border: 3px solid #e12b26;border-top-color:#1e263000;-webkit-animation: animate-loading 1s linear infinite;animation: animate-loading 1s linear infinite;}<br /> @-webkit-keyframes animate-loading { 0% { transform: rotate(0deg); } 100% { transform: rotate(360deg); }<br /> }<br /> @keyframes animate-loading { 0% { transform: rotate(0deg); } 100% { transform: rotate(360deg); }<br /> }<br /> </style><br /> <!– <div class=”corona-toolbarbtn” onclick=”ga(‘send’, ‘event’, ‘COVID19 Toolbar’, ‘Click’, ‘COVID19 Toolbar – Expand’);”> <div class=”toolbarbtn-l bounce”> <img src = “” alt=”corona virus btn” title=”corona virus btn”> </div> <div class=”toolbarbtn-r”> <img src=”” alt=”corona virus btn” title=”corona virus btn”> </div><br /> </div> –><br /> <div class=”corona-toolbar”><br /> <div class=”covid-19-loading”>Loading</div><br /> </div><br /> <script><br /> function numberFormat(x) { x=x.toString(); var lastThree = x.substring(x.length-3); var otherNumbers = x.substring(0,x.length-3); if(otherNumbers != ”) lastThree = ‘,’ + lastThree; var res = otherNumbers.replace(/\B(?=(\d{2})+(?!\d))/g, “,”) + lastThree; return res;<br /> } $(document).ready(function(){ $(“.entrypoint-covid”).click(function(){ if ($(“.corona-container”).length > 0) { $(“.corona-toolbar”).slideToggle(); } else { $(“.corona-toolbar”).slideToggle(); ga(‘send’, ‘event’, ‘COVID19 Toolbar’, ‘Click’, ‘COVID19 Toolbar – Expand’); sliderData(); } }); $(“.cross-icon”).click(function(){ $(“.corona-toolbar”).slideToggle(); ga(‘send’, ‘event’, ‘COVID19 Toolbar’, ‘Click’, ‘COVID19 Toolbar – Close’); }); }); </script><br /> <script src=”https://cdnjs.cloudflare.com/ajax/libs/Glide.js/3.0.1/glide.js”></script><br /> <script type=”text/javascript”> function sliderData (){ if ($(“.corona-container”).length > 0) { } else { $.ajax({ url:’/news18_revamp/ajax/corona_virus_toolbar_ajax.php’, type : ‘GET’, cache : true, success: function(response) { $(‘div.corona-toolbar’).html(response); new Glide(‘.corona-glide’, { type: ‘carousel’, autoplay: 5000, perView: 1, focusAt: ‘center’, breakpoints: { 800: { perView: 1 }, 480: { perView: 1 } } }).mount() }, error: function(xhr, ajaxOptions, thrownError) { } }); } }<br /> </script> <script><br /> // Lazy Load Images Js Starts<br /> document.addEventListener(“DOMContentLoaded”, function() { let lazyImages = [].slice.call(document.querySelectorAll(“img.lazy”)); let active = false; const lazyLoad = function() { if (active === false) { active = true; setTimeout(function() { lazyImages.forEach(function(lazyImage) { if ((lazyImage.getBoundingClientRect().top <= window.innerHeight && lazyImage.getBoundingClientRect().bottom >= 0) && getComputedStyle(lazyImage).display !== “none”) { lazyImage.src = lazyImage.dataset.src; lazyImage.srcset = lazyImage.dataset.srcset; lazyImage.classList.remove(“lazy”); lazyImages = lazyImages.filter(function(image) { return image !== lazyImage; }); if (lazyImages.length === 0) { document.removeEventListener(“scroll”, lazyLoad); window.removeEventListener(“resize”, lazyLoad); window.removeEventListener(“orientationchange”, lazyLoad); } } }); active = false; }, 100); } }; document.addEventListener(“scroll”, lazyLoad); window.addEventListener(“resize”, lazyLoad); window.addEventListener(“orientationchange”, lazyLoad); window.addEventListener(“load”, lazyLoad);<br /> });<br /> // Lazy Load Images Js Ends var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; (function() { var cx = “017500531210951933434:xmqutf8eyba”; var gcse = document.createElement(“script”); gcse.type = “text/javascript”; gcse.defer = true; gcse.src = “https://cse.google.com/cse.js?cx=” + cx; var s = document.getElementsByTagName(“script”)[0]; s.parentNode.insertBefore(gcse, s); })();<br /> </script><br /> <script> </script><br /> <script> document.addEventListener(“DOMContentLoaded”, function() { });<br /> </script><!– Controller specific JS in footer–><br /> <script src=”https://images.news18.com/static_news18/pix/ibnhome/news18/js/desktop/slick_min.js”></script><script type=”text/javascript” src=”https://images.news18.com/static_news18/pix/ibnhome/news18/js/desktop/article_scroll_v1.js”></script><script src=”https://images.news18.com/static_news18/pix/ibnhome/news18/js/desktop/news18_min.js”></script> <!– News18 Article Page –> <!– Insticator add –><br /> <!–<br /> <script data-cfasync=’false’ type=’text/javascript’><br /> (function (a, c, s, u){‘Insticator’in a || (a.Insticator={ad:{loadAd: function (b){Insticator.ad.q.push(b)}, q: []}, helper:{}, embed:{}, version: “3.0”, q: [], load: function (t, o){Insticator.q.push({t: t, o: o})}}); 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