Tarsier Studios was acquired by Embracer Group for $11 million.

Tarsier Studios, a Malmö, Sweden-based gaming studio, announced getting into an agreement for being acquired by Embracer Group.

The purchase price is a total of SEK 99M ($10.5M) - SEK 88 million in cash and SEK 11 million in Embracer shares - and includes a conditional earn-out, payable over 10-years to certain sellers who will remain with Tarsier. The acquisition includes the development studio, all employees and Intellectual Property rights.

Tarsier Studios, founded in 2005 in Karlshamn and led by Andreas Johnsson, Studio Head, is most famous for game franchise Little Nightmares (2017), having sold over one million copies (as of August 2018), where Tarsier developed the IP from scratch and released it together with Bandai Namco on PlayStation, XBOX ONE, PC and Nintendo Switch.

Over the years, the company has worked primarily as a work-for-hire studio together with publishing houses including Nintendo, Sony Interactive and Bandai Namco. The studio has also been successful in developing new original IPs such as Little Nightmares, Statik and Stretchers from concept, through the development phase and to commercial release. The Little Nightmares IP is owned by Bandai Namco, the Statik IP is owned by Tarsier and the Stretchers IP is owned by Nintendo.

Tarsier Studios has 65 employees based in Malmö.