Embracer bet it all on a multi-billion dollar deal with a Saudi investment company that fell apart at the last minute due to Embracer adding more and more demands. This deal failing also caused their stock price to tumble. They’ve been cutting everything, everywhere ever since to get out of debt.
I wish they’d do so by selling their studios whole instead of chopping them apart and leaving them hollow shells of themselves. I can only think of three major sales as opposed to the dozens of studio closures and nearly a hundred projects they’ve canceled.
Thanks, I didn’t know this. Yes, they should have sold some studios, I bet EA or some big publishers would have been happy to buy one or two. Downsizing like this, they kill any future chance for revenue growth, very stupid move
Embracer bet it all on a multi-billion dollar deal with a Saudi investment company that fell apart at the last minute due to Embracer adding more and more demands. This deal failing also caused their stock price to tumble. They’ve been cutting everything, everywhere ever since to get out of debt.
I wish they’d do so by selling their studios whole instead of chopping them apart and leaving them hollow shells of themselves. I can only think of three major sales as opposed to the dozens of studio closures and nearly a hundred projects they’ve canceled.
Thanks, I didn’t know this. Yes, they should have sold some studios, I bet EA or some big publishers would have been happy to buy one or two. Downsizing like this, they kill any future chance for revenue growth, very stupid move