{"id":2596,"date":"2020-12-02T10:00:00","date_gmt":"2020-12-02T17:00:00","guid":{"rendered":"https:\/\/www.gamesround.com\/blog\/?p=2596"},"modified":"2020-12-02T15:59:39","modified_gmt":"2020-12-02T22:59:39","slug":"eg7-acquires-daybreak","status":"publish","type":"post","link":"https:\/\/www.gamesround.com\/blog\/eg7-acquires-daybreak","title":{"rendered":"EG7 acquires Daybreak"},"content":{"rendered":"\n<p>As for whether the acquisition would result in layoffs for any Daybreak employees, an EG7 representative did not immediately respond.<\/p>\n\n\n\n<p>Enad Global 7 AB (publ) (EG7) acquired US-based developer Daybreak Game Company for a consideration of USD 300 million in cash and newly issued shares in EG7. The deal is for 100 percent of Daybreak, which is a leading game development company located in San Diego, CA, with additional offices in Austin, TX and Needham, MA. With the acquisition EG7\u2019s proforma financials for the period Jan-Sep 2020, including the recent acquisitions of Big Blue Bubble and Piranha Games, will amount to SEK 1,322 million revenue and SEK 411 million EBITDA.<\/p>\n\n\n\n<p>Daybreak\u2019s main owner Jason Epstein will hold approximately 10 percent and the additional current shareholders of Daybreak will together hold approximately 3 percent of the total number of outstanding shares and votes in EG7. EG7\u2019s Board of Directors also intends to carry out a share issue of up to SEK 1,600 million directed to Swedish and international institutional investors through an accelerated bookbuilding procedure conducted by Carnegie and Swedbank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As for whether the acquisition would result in layoffs for any Daybreak employees, an EG7 representative did not immediately respond. Enad Global 7 AB (publ) (EG7) acquired US-based developer Daybreak Game Company for a consideration of USD 300 million in cash and newly issued shares in EG7. The deal is for 100 percent of Daybreak, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":2597,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/posts\/2596"}],"collection":[{"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/comments?post=2596"}],"version-history":[{"count":2,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/posts\/2596\/revisions"}],"predecessor-version":[{"id":2600,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/posts\/2596\/revisions\/2600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/media\/2597"}],"wp:attachment":[{"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/media?parent=2596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/categories?post=2596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gamesround.com\/blog\/wp-json\/wp\/v2\/tags?post=2596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}