Korean firm Nexon has claimed a huge stake in Stockholm-based studio, Embark, upping its stake to 66.1 percent from 32.8 percent.
Effectively, Embark becomes a consolidated subsidiary of the Nexon group.
Nexon president and Chief Executive Officer, Owen Mahoney, said bringing Embark into the Nexon group will be intergral to the firm’s western growth program.
“Bringing Embark into the Nexon family will be integral to our Western growth strategy, accelerate our ability to share expertise across studios and maximize our expertise of live game operations to create deeply engaging online worlds,” he said.
“Embark has been making incredible progress on its projects in a short period of time, and since joining the board, Patrick Söderlund has been essential in helping drive our vision forward, so it only made sense to bring the companies even closer together.”
Embark, meanwhile, claims the deal and Nexon’s expertise in making online titles will “super-charge” its slate of projects.
Among its projects is cooperative free-to-play action game set in a distant future.
The company is also working on a platform that will let anyone create interactive experience, even if they’ve had no proper experience with game development tools.
Nexon is a Korean video game publisher that specializes in online games for PC and mobile while Embark is described as a Stockholm-based games studio, on a mission to blur the line between playing and making