Tag: Embracer Group
News Nintendo Announces Acquisition Of Shiver Entertainment
The Embracer-owned studio has ported multiple titles to Switch
There have been all sorts of acquisitions in the video game industry recently and today it is Nintendo's turn. The Japanese company has "entered into an agreement with Embracer Group" to acquire the Miami, Florida-based team Shiver Entertainment. Shiver has previously worked under...
News Embracer Group To Split Into Three Separate Companies
Sullied name
Embracer Group has announced its intention to split the company into three separate entities going forward in what seems to be a drastic attempt to streamline its operations and rebuild its reputation after months of downsizing and layoffs. Announced via the official website (thanks, VGC), the company confirmed that each entity will be
News Free Radical Co-Founder Is Probably Done With TimeSplitters For Good
"It was a big letdown."
To the disappointment of many, including us, it was confirmed earlier this year that Free Radical Design, the developer behind the highly anticipated revival of TimeSplitters, would be closed down by Embracer Group and the game ultimately cancelled. It was a dire end to what many had hoped would be a grand return to the...
News Embracer Group Sells Saber Interactive For A Cool $247 Million
Group discontinues all operations in Russia
Embracer Group has announced to investors that it has sold Saber Interactive for a total of $247 million to a company called Beacon Interactive, which is under the control of Saber's co-founder Matthew Karch. As part of the sale, Saber will retain the following studios: Nimble Giant, DIGIC, Fractured...
News Saber Interactive Is Reportedly Splitting From Embracer Group
In a deal worth $500 million
Embracer Group is continuing to cull its catalogue of developers, but this time it sounds like it might be good news, as Saber Interactive will reportedly be splitting from Embracer in a deal worth $500 million. As reported by Bloomberg (thanks, Gematsu), the deal will result in Saber Interactive becoming a privately...
News Embracer Group Lays Off 97 Staff, Axes Next Deus Ex Game
Eidos will instead focus on an "original franchise"
It's not a fun way to start the week but unfortunately, there's been even more video game development layoffs. According to Bloomberg, Embracer Group is cancelling the next entry in the Deus Ex series after two years of development. As a result of this, it's laying off "a number of employees as...
News Embracer Group To Make Severe Cutbacks After Absurd Spending Spree
Jobs, studios, and games all on the line
Embracer Group has announced that it is entering a 'restructuring program' with a view to becoming a "leaner, stronger and a more focused, self-sufficient company". In other words, it's about to undertake some pretty substantial cost-cutting measures after spending the last six years or so focusing on...
