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

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Fall Damage to be Acquired by Fragbite

Business Mergers and Acquisitions

12 October 2023 17:12

Tags: Fragbite

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.

Share:

Sources:

Report mistake Submit news

Related news

View All

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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

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In a bold move marking a new chapter, esports organization Team BDS has officially rebranded as Shifters, a shift designed...

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Ubisoft Acquires March of Giants

Ubisoft has announced that it has acquired the upcoming multiplayer online battle arena game March of Giants. Along with the...

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Dec 15, 2025

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NAVI has launched a special cashback card created with PrivatBank and Visa, giving players bonuses on the games and items...

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Dec 10, 2025

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