Embracer News, Tips, Tricks & Ideas

Swedish games firm Embracer Group has said it is moving on from the collapsed $2 billion partnership it announced at back in May.

Embracer Group is currently undergoing major internal reorganisation after apparently overextending, with hard-working employees bearing the cost in the ensuing layoffs and closures. This restructuring has already begun, but a new report has shed some further light on how the situation all came about.

Embracer Group has published its financial results for Q1, showing growth in net sales in all but one operating segment.

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Sweden's Embracer Group saw a 47 per cent increase in net sales for the first quarter of its financial year.

Embracer CEO confident amid ongoing challenges and restructuring.

Embracer said its restructuring program is on track and confirmed it's quietly moving forward with studio closures.

Embracer Group has said the Lord of the Rings intellectual property (IP) is performing “well ahead” of the business plan it set out when it bought the franchise in 2022.

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.

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.

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Danish studio Campfire Cabal has reportedly been shut down by parent company Embracer Group.

Embracer Group has shut down Campfire Cabal as the company begins closing down some of its development studios after announcing a few months back that a deal worth $2 billion fell through.