Embracer Group to Split Into Three Separate Companies
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Embracer Group will split into 3 publicly traded companies
Embracer Group has raised new financing and it will break itself into three publicly traded game companies.
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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...
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After laying off over 1000 people, Embracer Group makes itself some friends by splitting into three companies
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...