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SHOCKING: 3 | Mind Blowing Facts

Embracer has reportedly closed Elex developer Piranha Bytes as former creative director announces a new indie studio

Piranha Bytes said it was "in a difficult situation" earlier this year and it appears a solution could not be found.

PC Gamer

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 embraces a 'human-centric' AI policy, says vague stuff about how it will 'massively enhance game development'

Embracer, which laid off nearly 1,600 people last year, is going big on AI, but says it's not looking to replace people.

PC Gamer

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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

FromSoftware boss addresses gaming industry layoffs: 'As long as this company's my responsibility, I would not let that happen'

Hidetaka Miyazaki describes FromSoftware's relationship with parent company Kadokawa and references Satoru Iwata's perspective on layoffs.

PC Gamer

Hyper Light Breaker dev opens up about the stress of depending on a publisher under the corporate carousel of acquisitions, layoffs and closures: 'I don't know who I'm going to be working with in a few months'

"Sometimes you get caught in that crossfire."

PC Gamer

After surviving Embracer's $460 million studio shuffle, director of anticipated open-world roguelike hits back at "cascading effect" of corporate consolidation

"I don't want to depend on megacorporations doing X, Y, and Z to dictate our future"

GamesRadar

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Nintendo Fans Will Likely See More Big Games Ported to the Switch 2

Shiver helped bring 'Hogwarts Legacy' and 'Mortal Kombat 1' to the Switch last year.

Inverse

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

Embracer's talk about The Lord of the Rings says one thing: 'Fly, you fools!'

More like Middling-earth.

PC Gamer

Lord of the Rings' corporate owners know that you "have to respect" the books, but after Gollum, says that "not everything is going to hit it out of the park"

Tales of the Shire and Amazon Games' MMO are next up

GamesRadar

Inspired by Fallout's TV renaissance, Lord of the Rings franchise owner says there's "amazing" potential for spin-offs based in Middle-earth

"Just the Middle-earth opportunity on its own is just amazing if you think about it"

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

Embracer's CEO says 'I'm sure I deserve a lot of criticism' as he reflects on a company split three ways—but maintains that every 'key entrepreneur and CEO' believed in its 'mission'

"All those decisions to acquire or organically set up or invest … I firmly believed in that."

PC Gamer

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GamesRadar

After at least 1,400 layoffs, 7 studios closed, and 29 games canceled, Embracer CEO admits "I deserve a lot of criticism"

Although "it's been painful," Lars Wingefors says "I still believe in what we do"

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

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.

International Business Times

'Tomb Raider' Owner Embracer Splits Into Three Companies

Sweden's Embracer, owner of the "Tomb Raider" franchise, announced Monday it would split into three separate companies in a major reset for one of Europe's biggest video game groups.

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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

Newly-minted Saber Interactive boss says Embracer CEO 'gets a bad rap' for massive layoffs, studio closures, and game cancellations

One wonders what kind of rap he thinks would be appropriate.

PC Gamer

Somehow, KOTOR returned: Saber boss finally comes out and says 'it's obvious we're working on this' after chaos at Embracer and that the remake is 'alive and well'

Never tell me the odds.

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.

Top News

Take-Two To Acquire Gearbox For 0 Million, Boosting Portfolio

Take-Two's acquisition of Gearbox for 0 million, including popular franchises like Borderlands, sets the stage for exciting developments in the gaming i...

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

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