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Acer hands Starbreeze $9 million to fuel StarVR development

"Acer's investment directly into Starbreeze will greatly benefit our long term VR-strategy and further solidify the collaboration between our companies and additionally enrich our eco-system."

Computing giant Acer has agreed to invest $9 million in Starbreeze to help the studio make its VR ambitions a reality.

The investment takes the form of a two-year convertible bond, and comes shortly after the two companies partnered to bring the Payday 2 dev's StarVR virtual reality headset to the consumer market. 

Acer's two-year bond is convertible into B-shares with a corresponding value of $9 million, and will be issued under the authorization of both boards as soon as final terms are agreed upon.

"Acer's investment directly into Starbreeze will greatly benefit our long term VR-strategy and further solidify the collaboration between our companies and additionally enrich our eco-system," said Starbreeze CEO, Bo Andersson Klint. 

Outside of its VR pursuits, Starbreeze last month acquired the rights to 505 Games' Payday franchise, meaning it will now have complete creative control of the series moving forward. 

The studio's recent publishing venture, multiplayer horror title Dead by Daylight, also impressed by selling over 270,000 copies in its first week. 

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