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The Latest Breaking News from Embracer Group

The gaming stories and trends that defined 2024

Here are five of the top stories and trends that defined 2024 in gaming across all facets of the industry.

Windows Central

More Embracer Group layoffs: Star Trek Online developer Cryptic Studios is cutting jobs for the second time in a year

Numerous Cryptic employees have said they're among "many" who will be let go at the end of October.

PC Gamer

Saber Interactive Secures Private Equity Investment to Pay Off Embracer Debt

Saber Interactive secures undisclosed private equity investment to help pay off its debt to Embracer Group.

Player One

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Legacy of Kain: Soul Reaver Series Remaster Teased at San Diego Comic-Con 2024

A booth at San Diego Comic-Con 2024 supposedly leaked that remasters of Legacy of Kain: Soul Reaver 1 and 2 will be coming in the future.

Player One

Classic RPG developer that helped shape The Witcher reportedly closes as two veteran devs appear to jump ship to their own new indie studio

Piranha Bytes developed the Gothic series, as well as the Risen and ELEX games

GamesRadar

A Cult-Classic Open-World Game Was A Single Vote Away From Getting A Sequel

In another harrowing story to come out of Embracer Group's many failures, the sequel to 'Red Faction: Guerilla', a cult-classic, was reportedly cancelled late last year.

Inverse

Embracer has closed Alone in the Dark studio Pieces Interactive

The closure comes less than a month after Embracer said sales of the Alone in the Dark reboot were "softer than expected."

PC Gamer

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Randy Pitchford is 'a hit maker,' says Take-Two CEO: 'We've already identified many potential growth opportunities for the Borderlands series'

Take-Two bought Gearbox off of Embracer Group earlier this year for a fraction of what the Swedes paid.

PC Gamer

Amazon turns to another major game franchise after enormous Fallout success

Prime Video is doubling down on game adaptations, with Tomb Raider next on the agenda.

The RTS genre will never be mainstream unless you change it until it's 'no longer the kind of RTS that I want to play,' says Crate Entertainment CEO

Real-time strategy is a "nerd genre," says the developer, and he's happy to make one on those terms.

PC Gamer

After taking on $1.5 billion in debt over a $2 billion gamble, embattled Embracer CEO responsible for over 1,400 layoffs breaks out classic scapegoats: Russia and Covid

Embracer Group's Lars Wingefors is splitting his company into three parts

GamesRadar

Future Lord of the Rings games are set to get their own dedicated publisher following parent company Embracer's mass-studio closure amid $2 billion investment collapse

Coffee Stain, Middle-Earth, and Asmodee are all becoming their own entities

GamesRadar

Embracer Group embraces its new future as three separate companies including 'Middle-earth and Friends', which its CEO says 'reinforces Embracer's vision of backing entrepreneurs and creators with a long-term mindset'

Making friends.

PC Gamer

After Embracer Group's acquisitions and subsequent troubles, the company is splitting into three oddly-named entities

The embattled Embracer Group is back in the headlines, but thankfully not for similar reasons to more recent times. It's being split up into three new companies, each with a different focus and operating independently of each other.

Windows Central

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PC Gamer

As restructuring ends with the sale of Gearbox, Embracer's CEO has a new plan: 'simply making better products and games'

It's a bold strategy.

TechRadar

Embracer sell off more assets with Gearbox being acquired by Take-Two for $460m

Borderlands developer Gearbox is to be acquired by Take-Two for $460m.

GamesRadar

Embracer sells Borderlands studio Gearbox for $460 million after acquiring it for $1.3 billion just 3 years ago

Embracer retains Gearbox's publishing arm, however

PC Gamer

Flagging megacorp Embracer Group is now selling off Gearbox Entertainment to Take-Two for $460 million

But it'll keep the Remnant series, thank you very much.

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Windows Central

Embracer Group sells Borderlands developer Gearbox to Take-Two Interactive for $460 million

Embracer Group continues its meltdown, selling Borderlands developer Gearbox to Take-Two Interactive for $460 million.

PC Gamer

Embracer Group sells off Space Marine maker Saber Interactive and most of its studios for $247M, but the price could go a lot higher

Most of the studios operating under the Saber brand are included in the sale, but some big names are staying behind.

TechRadar

Embracer Group sells off Saber Interactive studios and assets, including games like Space Marine 2 and Knights of the Old Republic remake

Saber Interactive has parted ways with Embracer alongside a range of Saber-affiliated studios and properties.

Windows Central

Embracer Group officially sells Warhammer 40,000: Space Marine 2 developer Saber Interactive — and the sale might include even more

Embracer Group sells Warhammer 40,000: Space Marine 2 developer Saber Interactive and multiple subsidiaries, retaining the rights to multiple games.

GamesRadar

Star Wars: Knights of the Old Republic remake studio frees itself from flailing corporate overlords in $247m deal, but smaller studios haven't been so lucky

Metro studio 4A Games is reportedly also being sold

GamesRadar

After 16 years, the canceled FPS TimeSplitters 4 gets saved and preserved through a seemingly unremarkable eBay listing for a PS3 test console

"This is exactly the kind of nonsense that wasn’t interested in back in 2008"

PC Gamer

Borderlands studio Gearbox reportedly in the 'late stages' of a sale, as Embracer Group continues to hack off parts of itself to keep the lights on

As a caged elephant once said: Money don't grow on trees.

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