Embracer Group is no more, as the company has made the decision to split into three separate entities, with various developers divided up amongst them. For the last year or so, it's not been a great time to be a part of Embracer Group. There have been almost 1400 staff laid off across various studios, and several closures too. Saber founder Matthew Karch doesn't think Embracer is evil, just a company "that everyone likes to pick on," despite the fact it spent ridiculous amounts of money on...
As part of Embracer Group splitting into three separate companies, Asmodee Group will be saddled with repaying a €900 million debt.Read this article on TechRaptor
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
Following layoffs and the sale of studios like Gearbox, Embracer Group has split itself into three separate entities to try to build success. Earlier this week, Embracer announced it was no more, and instead Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends stand in its place. Middle-earth Enterprises & Friends is comprised of Middle-Earth Enterprises alongside Crystal Dynamics (Tomb Raider), Dambuster Studios (Dead Island 2), Eidos Montreal (Deus Ex) and more hence...
Embracer Group has raised new financing and it will break itself into three publicly traded game 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...
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.
Three others have also been detained
No Rest for the Wicked's creative director Thomas Mahler has come out strongly in favor of Early Access, even exhorting Nintendo and Sony to embrace it.Read this article on TechRaptor
Alex Lacey, Kevin Rooney, Connor Humpage and Jamie Philips went viral after posting a snap on Instagram in 2019
Embracer said each of the three new entities will be a separate, publicly listed company, enabling a better focus on their respective core strategies.Read Entire Article
The Nuggets advanced to the second round of the NBA Playoffs this week thanks to a series win over the Lakers. After a close Game 5 decision, Denver head coach Michael Malone praised Los Angeles leader Darvin Ham. The niceties came with Ham’s future in LA unclear, and many believe there to be an ulterior […]