Embracer Group will split into 3 publicly traded companies
by VentureBeat
VentureBeat— Embracer Group has raised new financing and it will break itself into three publicly traded game companies.
TechRaptor—Embracer Group to Split Into Three Separate Companies. Embracer Group has announced that it will split into three separate companies as part of its ongoing major restructuring effort.Read this article on TechRaptor
Engadget—Embracer Group is splitting up its messy gaming empire into three different companies. Embracer Group has been on a losing streak of late, having recently missed out on a $2 billion investment, laid off thousands of employees and sold one of its key properties, Gearbox, at a fire-sale price. Now, the company has announced plans to split into three separate, publicly listed entities, Bloomberg reported. The first is Middle-earth Enterprises & Friends, specializing in AAA games and and overseeing the Dead Island, Killing Floor, Kingdom Come Deliverance, Tomb Raider and The Lord of...
Neowin—Embracer Group will break up into three standalone gaming and entertainment companies. Now that it has finished its reorganization, Embracer Group has revealed plans to break itself up into three standalone and publicly traded companies, each with different gaming properties.