embracer group
Saber Interactive Being Sold by Embracer Group For $500 Million
It was just revealed that amidst Embracer Group’s ongoing overhaul and restructuring, Saber Interactive will be sold to a group of investors in a deal worth a reported $500 million. This will lead Saber Interactive to become a privately owned company, and so far, it’s the largest step that Embracer has taken to cut costs […]
Embracer Has Now Made 1,400 Layoffs in Bid to ‘Maximise Shareholder Value’
In a financial report published earlier today, the Embracer Group spoke of an increase in net sales across 2023 that ended in ‘a stable quarter just above management expectations.’ However, that positivity was soon marred by comments made by the CEO, Lars Wingefors, who went on to explain that more divestitures and layoffs could be […]
Embracer Cancels Deus Ex Game, Lays Off Staff at Eidos Montreal
Embracer Group has reportedly cancelled an upcoming Deus Ex game, and laid off employees at Eidos Montreal.
Embracer Group Layoffs Continue At 3D Realms and Slipgate Ironworks
The Embracer Group layoff parade is continuing as employees are let go from 3D Realms and Slipgate Ironworks.
Free Radical Design Has Closed Its Doors
After being threatened with closure by parent company Embracer Group, it appears that TimeSplitters developer Free Radical Design has closed.
Embracer CEO Confirms Free Radical Is Facing Closure
It has only been two years since Free Radical resurfaced after being shuttered by Crytek in 2014, and there were dreams that it would bring about a return of TimeSplitters, the legendary FPS that hasn’t been seen since 2005’s ‘Future Perfect’. Sadly, rumours began circulating a few weeks ago, suggesting that the studio was at […]