Tech

Tarsier Studios: makers of Little Nightmares bought for 9.5 million euros

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The Stockholm publisher Embracer has taken over the Malmö developer studio Tarsier announced. The purchase price is 88 million Swedish crowns (around 8.44 million euros) and shares in Embracer worth 11 million crowns (around 1.06 million euros). The previous owners will receive additional money in the amount not mentioned if they continue to work at Tarsier for a certain period of time.

Job market

  1. J.M. Voith SE & Co. KG, Heidenheim an der Brenz, Heidenheim
  2. Hornbach-Baumarkt-AG, Bornheim (Palatinate)



Tarsier Studios was founded in 2005. It currently employs 65 people. The horror action adventure Little Nightmares, published in 2017, is likely to be known to the community. A sequel is currently under construction and is expected to appear in 2020. Other quite successful titles from Tarsier are statics and stretchers.

However, all three brands mentioned do not belong to Tarsier and are therefore not part of the takeover. The rights to Little Nightmares remain with Bandai Namco. Over the years, Tarsier has also helped other developer studios in the background with their projects, such as the British development studio Media Molecule on several parts of Little Big Planet.

Embracer has been the name of the group since September 2019, which previously operated as THQ Nordic. The company has grown significantly in recent years through numerous purchases, including the takeover of the German developer, publisher and distributor Koch Media in February 2018 for around 121 million euros. Emberacer itself mostly appears in public through its offshoots Koch Media, THQ Nordic and Coffee Stain. The acquisition of Tarsier Studios is carried out via another intermediate company.

In 2019 alone, Embracer – still under the old name THQ Nordic – also partly bought several more well-known studios through intermediaries. In February it was Warhorse (Kingdom Come Deliverance) for 33.2 million euros.

In May the Piranha Bytes from Essen, known for Gothic, Risen and Elex, followed for an undisclosed amount, in August the Texas-based developer studio Gunfire Games (Darksiders).

Almost simultaneously, the company also took over the Italian developer studio Milestone Interactive (MotoGP, Ride) for around 44.9 million euros and secured minority interests in the five smaller, unknown studios Palindrome Interactive, Fall Damage, Neon Giant, Kavalri and Framebunker.

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