PC and Console Games division push Embracer Group Q2 2023 sales up 47% from prior year
Embracer Group is reporting strong sales weeks after it began its restructuring plan.
Embracer Group’s recently failed $2bn deal was reportedly with Saudi PIF-backed Savvy Gaming
Where Embracer was previously on an acquisition spree, the alleged failed deal with Savvy Gaming sent its share value plummeting and led to layoffs.
Embracer Group’s Partner Who Walked From $2 Billion Deal Finally Revealed
The Embracer Group had a major partnership fall through at the last minute and now we've learned that the partner was Saudi-backed Savvy Games Group.
Embracer Group Is Starting to Close Studios After Losing Out on Deal Worth Billions
Embracer Group has begun closing studios, including developer Campfire Cabal, which was formed in September of last year.
Crystal Dynamics Provide Tomb Raider Update Following Embracer Group Cuts
Despite a planned restructuring and several cuts to come from Embracer, game developer Crystal Dynamics says that the news won’t impact their developing efforts. In a brief tweet sent out…
Embracer Wants to Turn Lord of the Rings Into ‘One of the Biggest Game Franchises in the World’
Embracer is looking to turn The Lord of the Rings into a giant gaming franchise, the company announced amidst a massive restructuring on Tuesday. What did Embracer say about The…
Embracer Group announces restructuring plan, layoffs & studio closures expected
While CEO Lars Wingefors announced that layoffs will be happening, he could not provide forecasts on just how many jobs will be terminated.
Crystal Dynamics Says Tomb Raider, Perfect Dark Won’t Be Affected By Embracer Layoffs
Don't worry about Tomb Raider or Perfect Dark, according to developer Crystal Dynamics. Those projects apparently won't be disrupted after the studio's parent company Embracer Group announced layoffs, game cancellations,…
Embracer Aims To Turn The Lord Of The Rings Into A Massive Gaming Franchise
In the wake of turbulent restructuring following a $2 billion that fell through, Embracer has spoken more about its goals for expanding the Lord of the Rings intellectual property.In a…
Embracer Plans to Turn Lord of the Rings Into ‘One of the Biggest Game Franchises in the World’
Embracer plans to turn The Lord of the Rings into “one of the biggest gaming franchises in the world”, even as it plans to cut staff, cancel games, and shut…