Fall Damage to be Acquired by Fragbite

Fall Damage to be Acquired by Fragbite

Business Mergers and Acquisitions

12 October 2023 17:12

Fragbite announced the acquisition of Fall Damage. Fragbite will pay SEK 20 million ($1.8 million) for this acquisition. Half of the payment will be in cash the other half in stocks.

Marcus Teilman, President and CEO stated “The acquisition is optimal for Fragbite Group as it enables considerable synergies, where both Fall Damage’s excellence and the game ALARA Prime lay the foundation for several parallel revenue streams over time. During a period of exclusivity, we already engaged with our global network and are thus in an advanced position to negotiate a publishing deal.”

Fall Damage was founded by Anders Gyllenberg, Mikael Kalms, Markus Nyström, and Dan Vanderlind in 2017.

Tags: Fragbite

Share:

Sources:

Report mistake Submit news

Related news

View All

Griffin Gaming Partners to Acquire Playdigious

Fragbite Group has announced the sale of its mobile publishing subsidiary, Playdigious, to venture capital firm Griffin Gaming Partners for...

Mergers and Acquisitions

Oct 09, 2025

News/Epic's CEO Says AI Outbid Gaming for the Parts It Needs

Edge issue 428 gathered nine industry leaders for a feature it calls Crash 2.0. Sweeney's contribution was pretty tense. "There's...

Business

Sep 08, 2026

News/Nvidia Buys the Place Everyone Downloads Their Models From

Nvidia swallowed Hugging Face. Nvidia announced the acquisition last week in an SEC filing and a blog post from Jensen...

Business

Sep 07, 2026

News/Game Pass Ultimate's Cloud Allowance Is 15 Hours a Month

Only 23 dollars. From November, Xbox Cloud Gaming stops being unlimited. * Game Pass Ultimate: 15 hours * Game Pass...

Business

Sep 04, 2026

News/SteamDB's Founder Sold Up After 13 Years Alone With It

One guy, one database. Pavel "xPaw" Djundik started SteamDB in 2013 as a hobby project. Thirteen years later he was...

Business

Sep 03, 2026