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

Xbox's "Buy Yourselves Back" Offer Is Just a Softer Closure

It feels like freedom has a price. Microsoft offering studios like Compulsion Games and Double Fine the chance to spin...

Business

Jun 16, 2026

The Paramount-WBD Merger Pools a Mountain of Game IP

The Department of Justice approving Paramount's roughly $110 billion acquisition of Warner Bros. Discovery is a streaming-and-film story on its...

Mergers and Acquisitions

Jun 15, 2026

Jin Universe Studios Launches With Aether Dawn

Crypto invested web2 game interesting to say the least. We all know gamers hate crypto becasue it is seen as...

Business

Jun 15, 2026

FIFA and 2K Reportedly Came Close to an EA Sports FC Rival

A new FIFA game nearly happened. I guess in a way we should be happy cause, players dodged another VC...

Business

Jun 12, 2026