"Today's announcement marks the result of the final structured divestment process and is an important step in transforming Embracer into the future with notably lower net debt and improved free cash flow," said Embracer CEO Lars Wingefors.
Take-Two Interactive is obviously a massive name in the industry. They own Rockstar Games, a small little company nobody has heard of that's due to publishing a new entry in a completely unknown franchise called Grand Theft Auto next year.
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