Private equity firms Aleph Capital and Crestview Partners have made a “significant” investment in Saber Interactive. With the investment, Saber will use it to pay off its debt to former parent company Embracer. In March, it sold Saber and several other subsidiaries to Beacon Interactive in a 247 million dollars Deal. The just-concluded deal has … Read more
Embracer has completed the financial portion of its divestment from Saber Interactive and confirmed that 4A Games and Zen Studios were not included in the deal. The Swedish conglomerate sold significant assets of Saber Interactive–including studios like 3D Realms, Slippage, and New World Interactive–to Beacon Interactive earlier this year. Beacon is owned by Saber co-founder … Read more
Embracer-owned studio Lost Boys Interactive has laid off an unspecified number of employees. Confirming the news on LinkedInThe study explained that the layoffs will impact employees in several states. “Lost Boys Interactive has made the very difficult decision to reduce our overall headcount in accordance with local laws and consultation processes. As a remote company, … Read more
The Embracer Group has officially appointed Thomas Kœgler as the new CEO of Asmodee. The move was announced earlier this year when Embracer has outlined plans to split into three separate businesses to seek “winning formulas” after a brutal restructuring program. Asmodee, the French board game publisher known for distributing titles such as Dobble, Ticket … Read more
Embracer CEO Lars Wingefors told investors that the PC/Console business is the “bad guy” within the company. Outlining why Embracer stopped providing hard guidance each quarter, Wingefors said there’s a certain “lumpness” in the PC/Console segment that prevents him from looking too far into the future. Case in point: Kingdom Come: Liberation II, which was … Read more
Perennial spendthrift turned layoff merchant Embracer Group states its plan to transform into three independent businesses is on the right track, but believes there is room for improvement in some areas. In his Fiscal report for the first quarter ended June 30, 2024The Swedish conglomerate said it needs to improve profitability in its PC/console gaming … Read more