GamingDevolver acquires System Era for up to $40m

Devolver has acquired System Era in a deal worth up to $40 million.

As reported by Game Developer, an initial $22 million will be paid by Devolver made up of $20 million in cash as soon as the deal closes, and $2 million of shares to be issued and paid a year after closing.

This is in addition to a "$10 million deferred consideration, and up to $8 million potential earn out, both payable in cash and shares."

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