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Saudi Arabia's Savvy Games Studios is having a rebrand and becoming Steer Studios.
Sweden's Embracer Group saw a 47 per cent increase in net sales for the first quarter of its financial year.
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It seems that the $2 billion deal that fell through for Embracer Group was with Savvy Games Group.
A new report from Axios has shed fresh light on Embracer Group's mysterious $2bn «major strategic partnership» which collapsed spectacularly back in May, causing its shares to drop by 40 percent and sending the company into cost-cutting mode.
Earlier this year, Swedish company Embracer Group saw a deal fall through to the tune of $2 billion USD, something that caused its stock to plummet back in May. Now, thanks to a new Axios report, we know more about exactly who that deal was supposed to be with a Saudi Arabia-backed investment group.
Savvy Games Group has been revealed as the strategic partner that backed out of the $2 billion deal with Embracer Group.
By Wes Davis, a weekend editor who covers the latest in tech and entertainment. He has written news, reviews, and more as a tech journalist since 2020.
According to a new report from Axios, the Savvy Games Group was the other party in Embracer's much-touted $2 billion deal that fell apart.
Saudi government-funded Savvy Games Group was reportedly the mystery party that pulled out of a $2 billion partnership with Embracer Group.
Apple iPhone 15 is facing a charging problem. Earlier, European Union made the USB-C connector law compulsory for all smartphones. Now, Saudi Arabia is also going in the same direction, making USB-C ports mandatory not only for smartphones but for all electronic devices. With countries amending such laws, it was rumoured that Apple may switch from its lightning connector to USB-C ports. Now with these laws coming into force, electronic device companies must make changes soon.
Xbox has reportedly reduced the length of its $1 Game Pass trial, a month after it was reintroduced.
It looks like Marvel’s Spider-Man 2 could be the latest entertainment property to fall foul of Middle Eastern censors, resulting in a potential ban or a delay to the game’s release.
Techland has revealed that Chinese conglomerate Tencent will be taking majority ownership of the shares of the Polish game developer .
Spider-Man 2's digital deluxe edition was removed from the United Arab Emirates and Saudi Arabia PlayStation Stores last month. Fans also noted that they could no longer pre-order the game mere hours after the store pages launched. The two also do not show the release date, price, and, as of this week, rating, all things that other countries are displaying given its impending October release. As such, fans in the Middle East speculate that a ban is imminent, if not a delay.
Street Fighter 6 is the most iconic entry yet to Capcom’s series of fighting games. Between its diverse cast of characters and its intriguing gameplay style, it comes as no surprise that Street Fighter 6 has been absolutely soaring in sales since its recent release. Fans have been looking forward to new in-game features, and the newest patch has introduced a big one. Rashid, a fighter well-known for his presence in Street Fighter 5, has just landed in Street Fighter 6 and he’s already got a reputation as an absolute beast.
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