What is happening with Embracer Group?
7What is happening with Embracer Group? First they buy up a bunch of game companies, then they lose 40% of their stock value, now they are selling off or shuttering the same game studios they bought. Let’s go over a timeline of unfortunate events and a cautionary tale of what large corporate investments could entail.
Embracer Group Stock Drops 40% After $2 Billion Mystery Deal Self-Destructs - https://www.forbes.com/sites/paultassi/2023/05/24/embracer-group-stock-drops-40-after-2-billion-mystery-deal-self-destructs/?sh=105d0853c540
Embracer Group's Partner Who Walked From $2 Billion Deal Finally Revealed - https://www.ign.com/articles/embracer-groups-partner-who-walked-from-2-billion-deal-finally-revealed
Saints Row And Red Faction Studio Shut Down After 30 Years - https://kotaku.com/embracer-shuts-down-saints-row-studio-volition-after-30-1850792734
Embracer Group Is Considering Selling Borderlands Dev Gearbox - https://kotaku.com/gearbox-software-borderlands-sale-embracer-group-1850824882
Crystal Dynamics on X: "https://t.co/FMYu1MeVgn" / X - https://twitter.com/CrystalDynamics/status/1704583569002348962?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1704587391443616084%7Ctwgr%5E4edf79ec727c12b23cdbc0b7e6b4c2dc52d371f6%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.xfire.com%2Fcrystal-dynamics-announces-layoffs-as-part-of-embracer-groups-restructuring%2F
#embracergroup #volition #gearbox
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