Games Industry Biz reports: “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.'”
