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Sweeds buy Serbian video game studio

The Swedish Embracer Group has bought Serbian video game developer Mad Head Games, bringing its number of acquisitions to 13 gaming studios this year.
The Serbian studio, which is known for numerous adventures such as Adam Wolfe and which is responsible for the spiritual successor of Diablo Games, Pagan Online, will continue to function as an independent, headed by its three founders and over 130 employees, according to the playportal.co.rs.
The Embracer Group published a statement on its website about the biggest wave of its downloads, with a forecast of earnings that will be brought only by new studies.
The group expects 13 appropriated studies to bring in between 100 million dollars and 120 million dollars by March 31, 2022, of which a net profit would be about 50 million dollars.
With this, the list of titles in development that the Embracer group has significantly increased from the previously published 118, according to the portal, BizLife reports.