Nordisk Games acquires remaining Flashbulb Games stake
Financial details of the acquisition were not disclosed, but Nordisk Games said that depending on Flashbulb Games’ financial performance in the coming years, the 100% acquisition price could amount to several hundred million DKK.
Nordisk Games previously spent DKK16.5m (£1.9m/€2.2m/$2.5m) to acquire its 43% holding in the studio.
“Flashbulb is a studio packed with talented and experienced developers, who understand and enjoy the challenge of creating really unique games and turning them into commercial success,” Nordisk Games’ senior partner and Flashbulb Games chairman Martin Walfisz said.
“Having collaborated really well for the past five years we were keen to increase our involvement, which led to the discussion with the founders to acquire 100% of the studio. We now very much look forward to continuing to work together for many years to come.”
Flashbulb Games managing partner and co-founder, Rune Dittmer, added: “Nordisk Games were the first to invest in us not long after we founded the studio, and they have always been super-supportive while at the same time being happy to let us dictate the direction of the business.”
Nordisk Games is owned by entertainment business Nordisk Film, part of Nordic media group Egmont, and has in recent years invested more than €200m in games studios across Europe.