embracer-group Archives

Interactive Studio Behind Alone in the Dark Remake Shut Down by Embracer Parent Company

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6 months ago
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Pieces Interactive, the studio behind the Alone in the Dark remake (set to release in March 2024), has officially closed its doors under Embracer Group. Founded in 2007, Pieces Interactive...

Embracer Announces Division into Three Entities: Board Game Development, Mobile and Indie Games, and AAA Games

Posted byby
8 months ago
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Embracer Group, a Swedish game company that has faced financial difficulties, resulting in layoffs, studio closures, and the recent sale of Saber and Gearbox studios, has announced the separation of...

Sale of Studio Gearbox to Take-Two Valued at $460 Million

Posted byby
9 months ago
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Embracer Group, a conglomerate of game companies from Sweden, has announced the sale of Gearbox Entertainment to Take-Two Interactive for $460 million, entirely in Take-Two stock. Gearbox Interactive, a U.S.-based...

Embracer Unloads Debt: Sells Saber Studio Group, Returns to Original Founders for $247 Million

Posted byby
9 months ago
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After much speculation, Embracer Group, a giant game company from Sweden facing financial difficulties, has announced the sale of the game studio group Saber Interactive for $247 million. The buyer...

Cancellation of 29 Games and Closure of 7 Studios: Embracer Takes Decisive Action

Posted byby
10 months ago
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At the recent corporate briefing, Embracer Group revealed that they have a total of 124 games in development, down from the previous 153 games (29 games lost) within a six-month...

Star Wars: Knights of the Old Republic Remake Plunges into Obscurity as No Studio is Currently Developing the Game

Posted byby
1 year ago
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Jeff Grubb, a renowned game journalist from Giant Bomb, who has had a history of accurate rumors (previous one being EA renaming the game FIFA), has confirmed that the Star...

Revolutionary Embracer Initiative Releases 900 Employees: A Calculated 5% Dent from the Whole, with Latest Quarter Suffering Deficits

Posted byby
1 year ago
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Embracer Group has recently announced that they have laid off 900 employees, which accounts for approximately 5% of their total workforce of 15,000 individuals, as part of their previously declared...

Embracer Group’s CEO Relents: Mandatory Workforce Reductions, Studio Shutdowns, and Further Video Game Studio Divestitures

Posted byby
1 year ago
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Embracer Group, a Swedish gaming powerhouse, is currently facing financial difficulties, which have led to lay-offs, studio closures, and the potential sale of certain studios. It acknowledges that the company’s...

Marvel’s Avengers Discounted by 90% to a Measly 119 Baht Before Permanently Discontinuing Sales on September 30th

Posted byby
1 year ago
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The Marvel’s Avengers game developed by Crystal Dynamics has not achieved much success and has announced its discontinuation of sales at the end of this month, September 30, 2023. In...

Embracer Group Rumored to Contemplate Divestiture of Gearbox Studio, Pioneers behind Borderlands Video Game

Posted byby
1 year ago
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Global news agencies Reuters and Bloomberg have reported that Embracer Group, a gaming company experiencing financial difficulties, is preparing to sell its studio Gearbox Software. There are already interested buyers...