Embracer News, Tips, Tricks & Ideas

Alongside the announced acquisition of Gearbox by Take-Two Interactive, publishing subsidiary 2K Games has also confirmed that the next Borderlands game is in active development.

A good few months after a sale was first reported to be on the table, Embracer has now confirmed the sale of Gearbox Entertainment to Take-Two Interactive for $460 million. This brings Gearbox in house with long term publishing partner 2K Games, who still had publishing rights to the Borderlands franchise, even with the developer under Embracer’s ownership.

Alone in the Dark is now available on PlayStation 5, Xbox Series X|S, and Windows via Steam.

Embracer Group has announced the $247 million sale of Saber Interactive to Beacon Interactive, a new parent company that is owned by Saber co-founder Matthew Karch.

Embracer Group has announced the $247 million sale of Saber Interactive to Beacon Interactive, a new parent company that is owned by Saber co-founder Matthew Karch.

Embracer is closing in on sales of Saber Interactive and Gearbox, it’s reported, with the company looking to shed two of its most noteworthy acquisitions of the last few years in an effort to dig itself out of a financial hole.

Embracer CEO Lars Wingefors said that the current reduction in workforce at the company and across the industry is "something that everyone needs to get through," later adding that the group's strategy has been to cut the things that have "the lowest chance of success going forward" and to only keep "the most iconic studios."

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THQ Nordic and Embracer subsidiary Black Forest Games has reportedly cut 50% of its workforce.

UPDATE 2pm UK: A spokesperson for Lost Boys Interactive has confirmed the layoffs to Eurogamer.

An unknown number of employees have been laid off at Gearbox-owned developer Lost Boys Interactive.

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Saber Interactive subsidiary New World Interactive has experienced layoffs, affected by Embracer's ongoing restructuring program.

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Everybody's favourite bulk-buyer of studios and licenses Embracer Group have announced that they've laid off 900 people over the last three months, as per restructuring plans revealed this summer - around five percent of their total workforce.

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Resurrected TimeSplitters developers Free Radical Design could be the next Embracer-owned studio to be shuttered, according to recent reports. The rumoured closure comes just two years after the veteran British label were resurrected by their original founders to work on a new TimeSplitters game.

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Embracer Group’s chief operating officer has confirmed his departure from the company.

Cryptic Studios, the developer of the Star Trek Online and Neverwinter MMOs, has become the latest studio to lay off employees. The studio has confirmed that «difficult personnel changes» have made as a result of parent company Embracer Group's ongoing restructuring.

After weeks of speculating why members of the Cryptic Studios team would all start to open their LinkedIn accounts to new work at the same time, reports have now come out that the MMORPG studio is experiencing layoffs.

Embracer Group has made layoffs at Neverwinter developer Cryptic Studios. Several current and former Cryptic employees confirmed there has been a "reduction in force" at the studio, although it's unclear how many people have been let go.

Trailer specialist Digic has reportedly made layoffs over the summer.

 Embracer Group layoffs have hit animation studio Digic Pictures, which the company acquired in 2021. 

Hungary-based animation studio Digic has laid off 35 members of staff.

Embracer's scythe continues to swing in the wake of a collapsed $2 billion deal, and the latest victim, reportedly, is Zen Studios. According to Videogamelayoffs, one of its sources at the Hungarian studio told it that 32 staffers at the Pinball FX studio were laid off last Friday.

Zen Studios, the team behind the Pinball FX series, is reportedly one of the latest companies to have been hit by layoffs this year.

Pinball FX and Zen Pinball developer Zen Studios is the latest Embracer owned studio to see layoffs.

Over 30 members of staff have been made redundant at Pinball Arcade maker Zen Studios.

Zen Studios has become the latest studio owned by Embracer Group to be hit with layoffs.

Spotted by Twitter user Timur222 and reported by Game World Observer it appears that the latest to be affected by layoffs within Embracer Group and the video game industry in general are Cryptic Studios and Zen Studios.

First announced two years ago, at Sony’s showcase in 2021,Star Wars: The Old Republic’s remake is seemingly being officially scrubbed from around the internet. Could the project be another casualty as part of Embracer Group’s reorganization?

Crystal Dynamics, the developer behind the rebooted Tomb Raider franchise, has been hit with a round of layoffs. This follows the ongoing crumbling of Embracer Group, which announced a large-scale restructuring of its assets in June, resulting in layoffs, closures and cancellations.

In the aftermath of Embracer Group failing to close a deal with Savvy Group worth $2 billion earlier this year, the company has suffered some financial setbacks. In June, it revealed that it was instituting a restructuring program that would entail layoffs, studio closures, and upcoming projects being cancelled.

Today, the Embracer Group hosted its annual general meeting with investors for the current fiscal year. Chief Executive Officer Lars Wingefors commented on the ongoing restructuring process that brought about the closure of Volition and Campfire Cabal, as well as other minor layoffs at other studios owned by Embracer.

Embracer Group has quite a few studios under its label. The company is now seemingly in a bind, ranging from various acquisitions and mergers. Financial struggles could be a real issue. In fact, it wasn’t long ago now that we had word of Volition Games shutting down completely. While Embracer Group is striving to restructure its plans going forward, a new round of layoffs has just occurred for another studio under their control. The latest was Crystal Dynamics, who were forced to see several jobs get cut. 

Embracer Group CEO Lars Wingefors has said the company spends more on platform fees than it does on game development.

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Embracer Group is a video game company which owns over 70 studios around the world. Things haven’t been looking good for its studios lately, as they have been suffering from layoffs and closures.

The Embracer Group has been struggling with financial issues in recent months, having failed to close an undisclosed deal worth $2 billion earlier in the year, in the wake of which the company announced that it would be shuttering studios, laying off employees, and cancelling unannounced games as part of a widespread restructuring program.

Tomb Raider developer Crystal Dynamics has confirmed ten employees have lost their jobs as part of an «internal restructuring» programme, following multiple accounts from employees that the studio had been hit with lay offs today.

Less than 18 months after it acquired Baldur’s Gate: Enhanced Edition and Mythforce developers Beamdog, Embracer Group has reportedly laid off more than two dozen staff at the studio. Mere days after the release of its nostalgic co-op shooter, no less.

Embracer has made a new round of layoffs, this time at Mythforce developer Beamdog less than 18 months after its acquisition.

Embracer Group has made layoffs at Baldur's Gate: Enhanced Edition and Mythforce developer Beamdog less than two years after acquiring the studio.

Embracer Group has reportedly laid off more than 25 employees from Beamdog, according to former employees via LinkedIn, as spotted by GameDeveloper. Beamdog, the studio behind Baldur’s Gate Enhanced Edition, Neverwinter Nights Enhanced Edition, and Mythforce was acquired by Embracer’s Aspyr Media subsidiary in April 2022. 

Borderlands developer Gearbox is reportedly up for sale by parent company Embracer Group. As per Reuters, the Swedish conglomerate is looking to restructure following a $2 billion (about Rs. 16,586 crore) deal with Saudi Arabia government-funded Savvy Games Group that fell through, earlier this year. The fallout resulted in the former cutting down on spending, in addition to closing down studios and laying off its employees. Having been acquired merely two-and-a-half years ago, Gearbox is now the latest victim, with some alleged third-party publishers expressing interest in acquiring the developer. No names were mentioned, though they were described as “international gaming groups.”

Reports have emerged that Embracer Group are exploring the sale of Gearbox, as the once omnivorous publisher holding company continues to undergo a large-scale restructuring program after a $2 billion investment deal fell through earlier this year.

Embracer is reportedly considering the sale of Borderlands developer Gearbox Entertainment just over two years after it  purchased the company for $1.38 billion.

Rainbow Studios is apparently the latest studio in the firing line of Embracer's restructuring efforts.

Gearbox Entertainment, the developer of the Borderlands franchise, is reportedly being put up for sale by parent company Embracer Group.

Embracer Group's ongoing restructuring efforts have seemingly resulted in layoffs at MX vs ATV Legends developer Rainbow Studios.

Less than two weeks after the surprise closure of Saints Row studio Volition, a Reuters report says Embracer Group is now looking to rid itself of Borderlands studio Gearbox Entertainment—not through a shutdown this time, but a sale.

Following the sudden closure of veteran Saints Row devs Volition earlier this month, the next storied video game studio owned by mega-conglomerate Embraver Group to be facing an uncertain future is Borderlands makers Gearbox Entertainment, a new report claims.

A new report published today by Reuters reveals that the Embracer Group is exploring the sale of Gearbox Software with the help of Goldman Sachs and Aream & Co.

Embracer Group is a large company that has its fingers in quite a few pies. In 2021, Gearbox Entertainment was acquired by Embracer for an eye-watering $1.3 billion. Despite the pricey purchase, it seems not all is well, and a report from Reuters claims that Embracer is considering its options with Gearbox.

Sweden's Embracer Group is reportedly considering what to do with Gearbox Entertainment.

Reports have emerged that Embracer Group are exploring the sale of Gearbox, as the once omnivorous publisher holding company continues to undergo a large-scale restructuring program after a $2 billion investment deal fell through earlier this year.

Gearbox is reportedly the latest studio to be affected by Embracer Group's restructuring efforts.

Embracer is considering the possible sale of Gearbox Entertainment.

Embracer Group completed its acquisition of Borderlands developer Gearbox Entertainment in April 2021 in a deal worth up to $1.4 billion, though it seems the Swedish firm is already considering reversing course. In a report published by Reuters, it’s been claimed that the Embracer Group is considering several options for Gearbox Entertainment, with a full sale being one among them.

By Jacob Kastrenakes, a deputy editor who oversees tech and news coverage. Since joining The Verge in 2012, he’s published 5,000+ stories and is the founding editor of the creators desk.

Embracer is reportedly considering selling Gearbox, developer of the Borderlands franchise.

Embracer Group is considering options for The Gearbox Entertainment Company, including a sale, three people familiar with the matter told Reuters.

Embracer Group is considering selling off Gearbox Software, according to a new report.

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European giant Embracer Group has closed down its Volition Games studio.

Volition, the studio behind the Saints Row series, has closed with immediate effect. The developer said in a statement that the shutdown was a result of restructuring at parent company Embracer Group.

A series of layoffs have reportedly been conducted by Embracer at subsidiary Gearbox Publishing.

Volition Games has shut down as part of Embracer Group’s ongoing restructuring. The studio, which has roots going back to 1993, is behind the Saint’s Row series, Red Faction, and Summoner.

Volition Games, the studio behind Saints Row and Red Faction, has been permanently shut down due to the "restructuring" policy adopted by parent company Embracer Group.

A year after the underwhelming release of the Saints Row reboot, and just two months after celebrating 30 years of operation, Volition has been closed.

Embracer Group have announced that they're closing down Volition, the Illinois, US-based developer best known today for Saints Row and Red Faction. The announcement - which coincided with the predictably uproarious lifting of Starfield's review embargo, though I'm sure the timing is purely accidental - comes as part of broader restructuring at Embracer Group following a multiple-year acquisition spree, which Alice0 reported on in June.

Volition today revealed that their parent company, Embracer Group, is shutting down the Saints Row and Red Faction developer.

Volition Games has announced that its parent company, Embracer Group, is shutting the studio down. The studio was the developer behind the latest Saints Row reboot.

We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of «Playing the Edge.» Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today!

Saints Row and Red Faction developer Volition is no more. The studio’s owner, Embracer Group, has closed Volition “effective immediately,” according to a statement posted on Volition’s LinkedIn profile. The closure of the Champaign, Illinois-based company comes shortly after the studio celebrated its 30th anniversary in June.

Volition Games is shutting down. The studio behind games like Saints Row, Summoner, Red Faction, and more is being shuttered by parent company Embracer Group.