Embracer Group
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Embracer Group is splitting up its messy gaming empire into three different companies
Embracer Group has announced plans to split into three separate, publicly listed entities, following an epic losing streak.
Take-Two is buying Gearbox from Embracer for $460 million
Gearbox Entertainment will soon have a new owner. Take-Two is buying the Borderlands creator for $460 million.
Embracer sells a big chunk of Saber Interactive in a deal worth around $500 million
Embracer Group has sold a major chunk of Saber Interactive in a deal that's said to be worth around $500 million overall. Along with improving the company's bottom line, Embracer CEO Lars Wingefors says the agreement will protect "many developer jobs under new independent ownership."
Saber Interactive may escape Embracer’s death hug and become a private company
Saber Interactive has reportedly found an exit strategy from the death grip of its parent company, Embracer Group AB. Bloomberg reported Thursday that “a group of private investors” will buy the studio in a deal worth roughly $500 million.
TimeSplitters studio Free Radical Design has shut down
Free Radical Design, the company tasked to create a TimeSplitters reboot, has closed its doors. Additionally, the developer’s official website now redirects to a 404 error, along with text reading “company not found” and a sad face.
Multiple game developers announce layoffs, including EA-owned Codemasters
Multiple game developers have announced layoffs in a year filled with them. Tinybuild, Codemasters and New World Interactive are all reducing their workforces.
Embracer may sell Borderlands creator Gearbox amid financial woes
Embracer may sell off Gearbox as it tries to reduce its debt. The embattled company bought the Borderlands creator in 2021 in a deal that was worth up to $1.4 billion.
Saints Row studio Volition abruptly closes due to restructuring at Embracer Group
Volition, the studio behind the Saints Row series, has closed with immediate effect. The Red Faction developer said in a statement that the shutdown was a result of restructuring at parent company Embracer Group.
Embracer announces layoffs and game cancellations after a $2 billion deal falls through
Embracer Group is cancelling some games, closing or selling studios and laying off an unknown number of workers as it tries to reduce costs and make the business more efficient. The news comes soon after the company said a deal that would have been worth $2 billion in revenue fell apart.
Amazon is making a 'Lord of the Rings' MMO
Amazon is prepping an online RPG set in the 'Lord of the Rings' stories.
Amazon will publish the next Tomb Raider game
Amazon will publish the next Tomb Raider game, which will be the first mainline entry in the series since 2018. Crystal Dynamics will use Unreal Engine 5 to develop the 'biggest, most expansive Tomb Raider game to date.'
'Deus Ex Go' and other Square Enix mobile games are shutting down
Deus Ex Go, Arena Battle Champions, Hitman Sniper: The Shadows and Space Invaders: Hidden Heroes will no longer be accessible after January 4th, 2023.
Embracer is buying Tomb Raider, Deus Ex and three Square Enix game studios
Swedish game company Embracer Group has just made a blockbuster deal to acquire Crystal Dynamics, Eidos-Montréal and Square Enix Montréal.
Meet the biggest games publisher you’ve never heard of
Embracer, formerly THQ Nordic, has spent billions to acquire the best of the rest game developers in the world.
Prime Matter is a new ‘premium’ game publisher with a lot of new IPs
Prime Matter is a new publishing label that'll play home to games like ‘Payday 3’, a Painkiller sequel and a Crossfire RTS, as well as a bunch of new IPs.
