#embracer-group

#embracer-group

The sequel to Tiny Tina's Wonderlands has reportedly been cancelled despite the original's success.

Embracer Group is developing multiple new Lord of the Rings games, focusing on community engagement and authentic storytelling.

Saber Interactive to become privately owned with 3,500 employees

Gearbox Software has a potential buyer

Saber Interactive sold by Embracer Group for $500 million

Saber will keep certain studios while Embracer retains ownership of others

Embracer Group plans to split into three separate entities, each operating independently in the gaming industry.

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

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

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.

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.

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.

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

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

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.

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.

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.

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.

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

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