Tag: Embracer
News TimeSplitters Dev Free Radical Has Shut Down As Staff Share "Last Day" Messages
"It's sad to say goodbye like this"
Without even an official announcement, it looks like Embracer Group has shut down UK game studio Free Radical Design, the team behind the TimeSplitters series of video games. Staff at the Nottingham-based developer have been sharing their thoughts, goodbyes, and happy memories on Twitter (spotted via Game...
News Embracer May Soon Be Closing 'Timesplitters' Studio Free Radical Design
Another casualty of Embracer's restructuring
In yet another blow to the gaming industry, VGC has reported that Embracer Group may soon be closing the Nottingham-based UK studio Free Radical Design. The team was reformed back in 2021 to revive the classic FPS franchise Timesplitters, but it looks like that may now be under threat as a result of...
News Embracer Group: More "Tough Decisions" To Come As Crystal Dynamics Suffers Layoffs
Embracer's restructuring continues
Tomb Raider developer Crystal Dynamics is the latest subsidiary of Embracer Group to be hit with cuts, with the studio announcing yesterday on Twitter that ten staff had to be let go "due to an internal restructuring". And, at Embracer's annual general meeting (which you can watch on YouTube), CEO Lars Wingefors...
News Mythforce Developer Hit By Layoffs As Embracer Continues To Restructure
26 employees affected
Embracer Group is continuing its efforts to restructure its organisation, this time resulting in multiple job losses at developer Beamdog, which was acquired by Aspyr / Embracer last year. As reported by GameDeveloper (thanks, Eurogamer), a total of 26 employees at the MythForce developer were let go according to multiple...
News Embracer Group Completes Acquisition Of Various Square Enix Studios And IPs
The $300 million deal has been finalised
Following news that Embracer Group would be acquiring a number of Square Enix's western studios and IPs back in May, the company has today announced that it has completed the purchase. This means Embracer now officially owns Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal, and holds the rights to...
Guide So, What Does Embracer Group Actually Own The Rights To?
What do Catan, The Hobbit, Gex, and The Mask have in common?
Disclaimer: We are not lawyers and some of the wording here may not be 100% correct. Apologies in advance! If you're at all tuned in to gaming news, you'll probably have noticed the seemingly-endless and slightly-worrying number of news posts about acquisitions over the past few years...
News Embracer Group Acquires Limited Run Games, Lord Of The Rings IP & More
The list goes on...
Swedish video game company Embracer Group has acquired not one but multiple companies and IP for an undisclosed sum. In a series of press releases, Embracer announced the acquisition of Tripwire Interactive (Killing Floor, Maneater, Rising Storm), Tuxedo Labs (Teardown), Singtrix (vocal processing effects tech), physical...
News Saudi Arabia's Public Investment Fund Acquires $1 Billion Stake In Embracer Group
Becomes the second largest owner with 8.1% of the company's shares
Following a series of video game company acquisitions made by Saudi Arabia's Public Investment Fund recently, the state-run wealth fund has now spent $1.05 billion to purchase an 8.1% stake in Embracer Group. That stake will make the PIF's Savvy Gaming Group the second-largest...
News Embracer Games Archive Is Striving To Preserve And Celebrate Gaming Culture
"We want to archive and save as much of the video games industry as possible"
The Embracer Group is a significant gaming company that is still somewhat under the radar in comparison to other major brands. Previously known as THQ Nordic and operating out of Sweden, it's become the parent organisation for a number of major gaming companies - familiar...
Squeenix deal includes Tomb Raider, Deus Ex and 50+ games
Embracer Group, the Swedish video game holding company and parent of Gearbox, Saber Interactive and THQ Nordic (among many others), has entered into an agreement to acquire several studios and a selection of IP from Square Enix. Included in the deal are three studios — Crystal Dynamics,...