#embracer-group
#embracer-group

Embracer has sold Gearbox to Take-Two for $460m

Embracer Group sells Gearbox to Take-Two Interactive for $460m

Only part of Gearbox transferred to Take-Two, the rest will stay with Embracer. [ more ]

WGB

Embracer is reportedly going to sell Saber Interactive to "private investors"

Embracer Group is selling off Saber Interactive as part of restructuring.

Saber Interactive will be sold for $500m with private investors involved. [ more ]

GameSpot

Embracer Canceled 29 Games And Laid Off 1,400 People In Just The Last Six Month

Embracer Group cancelled 29 unannounced games and laid off nearly 1,400 people in the past six months.

The number of gaming projects reduced from 153 to 124, with 8% global headcount reduction and decrease in internal and external studios. [ more ]

WGB

Embracer Group has finished restructuring, and isn't planning on buying anything soon

Embracer Group ends restructuring process after selling Gearbox Software to Take-Two Interactive.

Embracer Group faced financial challenges due to rapid acquisitions, resulting in job losses and studio closures. [ more ]

www.gamespot.com

1 month ago

Embracer Group Doesn't Plan To Buy New Studios Yet Following Mass Layoffs

Embracer Group's restructuring period is over, focusing on profitability and not acquiring new studios at the moment.

The company is prioritizing making better products and games using its current assets, IPS, and studios for increased profitability. [ more ]

Kotaku

1 month ago

Embracer Sells Borderlands Maker Gearbox For Less Than Half Of What It Paid

Gearbox Software sold to Take-Two Interactive for $460 million, a significant loss for Embracer Group.

Embracer Group retains certain parts of Gearbox's business and other companies in the deal, aiming for positive cash flow. [ more ]

Kotaku

New Deus Ex Game Reportedly Canceled By That Gaming Company

Embracer Group has cancelled an in-development Deus Ex game that Eidos Montreal was working on, after two years of pre-production.

The cancellation comes after Embracer Group's recent acquisitions and failed $2 billion deal, which resulted in layoffs and studio closures. [ more ]

WGB

Saber Interactive has removed all mentions of Embracer Group, indicating that is has been sold

Saber Interactive has removed references to Embracer Group from its website, indicating a completed sale.

The reported sale of Saber Interactive to private investors for around $500m aligns with the removal of references to Embracer Group from Saber's website. [ more ]

WGB

Saber Interactive has been bought by itself for $247m.

Saber Interactive has confirmed its departure from Embracer Group for $247m.

Beacon Interactive, a new company created by Saber's co-founder, will acquire several studios and employees. [ more ]

Kotaku

Star Wars: KOTOR Remake Developer Escapes Embracer's Clutches

Saber Interactive sold by Embracer Group for $500 million

Saber will keep certain studios while Embracer retains ownership of others [ more ]

VG247

Saber is actually rescuing more studios from Embracer than was announced - and that includes Metro dev 4A

Saber Interactive gained independence from Embracer Group for $247 million.

Saber is taking key studios 4A Games and Zen Studios for about $500 million. [ more ]

GameSpot

Embracer Group And Saber Interactive Part Ways In Deal Reportedly Worth $500 Million

Private investors in Beacon Interactive acquired Saber Interactive for $247 million, with further investments increasing the purchase price to around $500 million.

Embracer Group will cease operations in Russia and retain publishing rights to 14 games from Saber Interactive. [ more ]

VG247

Saber Interactive buys itself back from Embracer for $500M; Gearbox sale looms

Saber Interactive to become privately owned with 3,500 employees

Gearbox Software has a potential buyer [ more ]

moresaber-interactive

VG247

Embracer continues its dark side run, cancelling new Deus Ex and laying off almost 100 staff

Embracer Group has cancelled a Deus Ex game and laid off nearly 100 employees at Eidos Montreal.

The cancelled game was an unannounced title that was set to enter production later this year. [ more ]

GameSpot

Gothic And Elex Dev Piranha Bytes Addresses "Difficult Situation"

Piranha Bytes is facing a difficult situation but is not closing down

The studio is still looking for a partner for its next project [ more ]

Game Informer

2 years ago

Gothic, Elex II Dev Piranha Bytes Addresses Studio Closure Rumors: 'Don't Write Us Off Yet'

Piranha Bytes, the developer of Gothic and Elex II, is in a difficult situation and looking for a new publisher or buyer.

The studio's CEO, Michael Rüve, has stated that they are determined to continue creating games and are confident in their ability to succeed. [ more ]

Game Informer

7 years ago