Fragbite acquires Swedish studio Fall Damage. The founder has developed 'Battlefield 3' and 'Battlefield 4' at DICE.

According to news from this site on October 14, Fragbite announced the acquisition of Fall Damage, a studio headquartered in Sweden. Acquired all of its properties at an initial purchase price of 20 million Swedish kronor (note on this site: currently approximately 13.2398 million yuan) Outstanding shares.

The amount paid to external institutional owners was SEK 100 million, of which SEK 50 million was paid in cash and another SEK 50 million at a subscription price of $2.33 per share issued to Fall Damage Holding AB's four founders 4,291,845 new shares

Following the acquisition, the founders will remain with Fall Damage and with respect to the shares issued as part of the purchase, the parties will be A lock-in agreement was signed within 36 months.

Depending on Fall Damage’s profitability from 2024 to 2027, up to SEK 400 million can be paid to the founders.

Investors who previously financed the development of the Fall Damage game are entitled to receive compensation in the aggregate from the future profits of Fall Damage up to approximately $22.3 million, up to 50% of profits of approximately $17.3 million, and up to approximately 30% of profits of $17.3 million.

Fall Damage is developing the free-to-play shooter ALARA Prime, which is expected to be released in the third quarter of 2024.

It is understood that Fall Damage was founded in 2017 by Dan Vaderlind, Mikael Kalms, Anders Gyllenberg, Mikael Kalms and Markus Nyström. The four previously worked together at DICE to develop "Star Wars: Battlefront", "Battlefield 3" and "Battlefield 4", with cumulative sales exceeding 35 million units.

Currently, Fall Damage Company has more than 50 employees with experience from many domestic and international 3A studios

The goal is to achieve net sales of 480 million to 680 million in 2025 Swedish kronor, earnings before interest, taxes, depreciation and amortization (EBITDA) reached 55 million to 86 million Swedish kronor

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