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HomebusinessFragbite Group acquires DICE alum studio Fall Damage

Fragbite Group acquires DICE alum studio Fall Damage

Swedish publisher Fragbite Group has added indie developer Fall Damage to its portfolio. At an upfront purchase priced atSEK 20 million (or $1.818 million), Fragbite has acquired “all outstanding shares”ofthe studio, which is expected to complete within the next two weeks.

Fall Damage was founded in 2017 by Dan Vaderlind, Mikael Kalms, Anders Gyllenberg, Mikael Kalms, andMarkus Nyström. The four previously worked together at DICE onStar Wars Battlefront (2015),and alsoBattlefield 3andBattlefield 4.

The studio’s debut title, the free-to-play shooterAlara Prime,has been in development since 2019. In the press release, Fragbite noted the game will “lay the foundation for several parallel revenue streams over time.” Its plan is to help with its last stretch of development before securing a publisher for its intendedlate 2024 release.

“Today is the start of an exciting journey for us together in Fragbite Group, where the first step consists of completing Alara Primeand taking it to market,” wrote Gyllenberg, the developer’s CEO. “We have an extremely dedicated and professional team that now gets the opportunity to become part of a growing group.”

Other developers that fall under the Fragbite umbrella include web3 developer Lucky Kat,Dead Cellsco-publisher Playdigious, andmobile studio Prey Studios.

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