An interview with Embracer Group CEO Lars Wingefors on criticism over mass layoffs and studio closures, splitting the company into three, rising debt, and more
Group owner defends teams and their leaders, says he still believes in the company's mission — News by James Batchelor Editor-in-chief
Swedish game developer Embracer Group plans to split into three publicly traded companies, focused on tabletop, indie, and AAA games; EMBRAC-B.ST jumps 5%+
- Embracer shareholders to get stock in new firms as dividend — Includes €900 million refinancing and new ownership structure
Take-Two acquires Borderlands developer Gearbox Entertainment from the Embracer Group for $460M in stock; the deal is expected to close by the end of June 2024
A new Homeworld game is also in development. — Embracer Group has officially divested Gearbox Entertainment …
Take-Two acquires Borderlands developer Gearbox Entertainment from the Embracer Group for $460M in stock; the deal is expected to close by the end of June 2024
A new Homeworld game is also in development. — Embracer Group has officially divested Gearbox Entertainment …
Embracer reports Q2 net sales up 13% YoY to ~$1B, layoffs that impacted ~900 staff, or 5% of its workforce, and 36 fewer games in development than in Q2 2022
and Warns of More to Come Derek Strickland / TweakTown : Embracer likely to cancel more games to reduce expenses, may shy away from external projects X: Rim / @rim_aj : An estimated 7,100 layoffs this...
Embracer reports Q2 net sales up 13% YoY to ~$1B, layoffs impacted 900 employees, or 5% of its workforce, and 36 fewer games are in development than Q2 2022
“Lord of the Rings” owner Embracer Group has reported a 13% increase in net sales year-on-year in Q2, in part thanks to its intensive restructuring program.
Swedish gaming conglomerate Embracer Group plans to close multiple studios, cancel games, and cut staff, after a $2B deal unexpectedly fell through
Embracer Group has close to 17,000 employees over more than 100 studios, many of which were acquired over the past few years
A look at Embracer Group, which owns more video game studios than any other company in the world, overseeing 237 games being developed across 132 studios
Jaweed Kaleem / Los Angeles Times : Tweets: @_danilo , @latimes , and @martinlindell Tweets: @_danilo : Embracer is on a game IP shopping spree, and there's some wisdom in their strategy Interactive ...
Swedish gaming group Embracer Group reports Q1 sales rose 107% YoY to ~$681M and announces six acquisitions, including IP for The Lord of the Rings and Hobbit
Anna Gross / Financial Times :
Swedish gaming group Embracer Group reports Q1 sales rose 107% YoY to ~$681M and announces six acquisitions, including IP for The Lord of the Rings and Hobbit
Swedish company announces six acquisitions and posts a rise in first-quarter sales and profits