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

Media Archive

1 screenshot

• 

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

Unity Has Held Takeover Talks at a Reported $25 Billion

Unity is on the verge of getting sold. According to reports, a consortium including Silver Lake and Saudi Arabia’s Public...

Business

Nov 06, 2026

Sony Raises Its Games Forecast While Console Shipments Fall

Sony is making lesser consoles but selling more games. According to reports Sony's PS5 shipments came in at 2.6 million...

Business

Nov 05, 2026

Ubisoft Is Among at Least Three Bidders for Arkane Lyon

According to reports, Ubisoft has made an offer for the Dishonored and Deathloop studio, alongside at least two other companies...

Business

Nov 04, 2026

Helen Chiang Disputes the Account of Her Xbox Departure

XBOX COO defends herself. Sharma announced the exit in a memo on 23 October, thanking Chiang for her service without...

Business

Nov 03, 2026