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The Latest Breaking News from Embracer Group

Embracer CEO who oversaw the staggering $2B blunder that led to studio closures and layoffs is now set to become its executive chair, focusing on 'mergers and acquisitions and capital allocation'

Lars Wingefors is stepping down as Embracer CEO, but he's not going away.

PC Gamer

It's a day ending in 'y' so you know what that means: Embracer Group is doing more restructuring

It's amazing this lot ever get around to releasing games.

PC Gamer

THQ Nordic studio that was set to be closed in 2023 somehow escaped the Embracer death spiral and is now working on a new RPG

Campfire Cabal was ordered closed in the aftermath of Embracer's implosion, but it never actually happened.

PC Gamer

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5 years after Avengers, 2 years after its last layoffs, and who knows how long before Perfect Dark and Tomb Raider return, Crystal Dynamics announces another round of layoffs

The news "does not alter our current project plans"

GamesRadar

Space Marine 2 CEO puts the boot into the Saints Row team's twitching corpse from his private jet: 'Who's going to fund them for the next game after that disaster?'

Which is certainly a look.

PC Gamer

Asmodee to saddle over $920 million debt as parent company splits in 2025

Asmodee to gain a chunk of its parent company's debt in restructring

GamesRadar

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

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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

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

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

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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.

PC Gamer

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.

GamesRadar

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

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news in one place.

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PC Gamer

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.

Windows Central

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.

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.

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.

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