On Thursday, the gaming group said that Sweden’s Tomb Raider games group Embracer had raised 2 billion crowns ($182 million) in a share issue directed at institutional investors. It issued 80,000 new shares at a subscription price of 25 crowns per share. The offering was multiple times oversubscribed, it added. “The result will contribute significantly to revising the net debt target,” Embracer said in a statement. Embracer, backed by the state-owned pension fund PIF and private investment funds, has been spending heavily on games acquisitions. It snapped up Middle Earth Enterprises – the Lord of the Rings franchise holding company … Continue reading Embracer Group Taps Investors for $182 Million to Accelerate Acquisitions