Apogee Software/3D Realms is located in Texas, and will remain there for the foreseeable future. Speaking with Borsen.dk about his new position, Nielson cited franchises like Duke Nukem, Commander Keen, and Shadow Warrior as being valuable franchises he hopes to return to their former glory. Nielson is a founder of the investment firm SDN Invest and co-owner of the retail website CoolShop.dk. The future of Apogee Software/3D Realms, the publisher behind games like Shadow Warrior and Duke Nukem, is now in the hands of a Danish company.Īccording to a report form Danish website Borsen.dk, the publisher is now owned by a Danish company, and a new CEO, Mike Nielson, has been appointed to the head of the company. As Schreiber states in his tweet, there will more details tomorrow. Interceptor Entertainment released Rise of the Triad last year, but previously worked on a number of Duke Nukem games licensed from the company it now owns. We will be giving an official statement tomorrow. Yes, we have indeed acquired Apogee/3D Realms.
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Update #1: CEO of Interceptor Entertainment, Frederik Schreiber, has confirmed the purchase on Twitter. "Yet even with this stellar track record, we hope we can take the company to new heights." " There are only a handful of independent studios with a better track record of original games," Nielsen said. This company should not be confused with Apogee Software, LLC, which published the new Rise of the Triad developed by Interceptor Entertainment.Īs we reported yesterday, Interceptor board chairman and Coolshop founder Mike Nielsen has immediately assumed the CEO role for 3D Realms. Doubtlessly, fans of 3D Realms and specifically the Duke Nukem games are hoping that this deal will reignite the franchise.Update #2: In a press release this morning announcing the deal, Interceptor formally confirmed its purchase of Apogee Software, Ltd. With so many IPs in the Swedish games company's possession, it will be interesting to see what is in store for these newly acquired studios moving forward. In addition, the company owns studios such as 4A Games, the developer of the Metro series, along with Gunfire Games, the maker of Darksiders 3.Īccording to the CEO of Embracer Group Lars Wingefors, this most recent acquisition adds another 500 employees to the company. The Swedish company acquired the studio in a deal valued for approximately $1.3 billion. One of its more recent and largest acquisitions was Gearbox Entertainment Company, the developer behind the Borderlands games. This isn't the first time that Embracer Group has decided to acquire new game studios.
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However, the scope of this new deal stretches beyond console and PC gaming as Crazy Labs is a successful publisher of "hyper-causal" mobile games. Known for its involvement in the creation of the Duke Nukem series, 3D Realms has been involved in a number of recent projects such as last year's Ghostrunner. Some of the other notable studios part of Embracer Group's recent purchases include Ghost Ship Games, the developer of Deep Rock Galactic, a 1-4 player FPS focused on PvE combat while exploring cave systems. Founded back in the 1980s, 3D Realms is a big pickup for Embracer Group.
The acquisition of these studios are a big deal for the gaming industry as they include some popular titles. The complete list of acquired studios can be seen below. RELATED: Deep Rock Galactic Details Planned Modding Support While this is a substantial amount of money paid out by the Swedish company, it hopes to offset these purchases through sales estimated at $230 to $348 million over the upcoming fiscal year. If specific goals pertaining to the success of the studios are met, the price paid by Embracer Group for these recent acquisitions could grow by an additional SEK 2 billion ($232 million USD) above the previously stated figure. This amount of money is subject to change as the price of the recently acquired companies could rise depending on their performance. A Swedish games holding company known as Embracer Group has been acquiring game studios over the past couple years. Its most recent shopping spree has added another 8 studios to its catalog including the classic developer 3D Realms.įormerly known as THQ Nordic AB, Embracer Group purchased its 8 new studios, including 3D Realms and Ghost Ship Games, for a total of approximately SEK 2.7 billion ($313 million USD), bringing its total number of IPs to over 240. With the value of many of the industries top companies such as Microsoft, EA, and Bandai Namco reaching well into the billions, it's easy to see why groups of investors might want to get in on the action.
As the popularity of video games continues to increase along with the number of people needed to make those games, the industry has become big business for investors.
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