Embracer Announces They Will Split Into Three Companies
It's the end of a company that was too big to succeed.
It's the end of a company that was too big to succeed.
Saber has essentially bought their way to freedom.
The anticipation for news on this is starting to feel long in the tooth.
The company is now on the lookout for new leadership.
Hopefully Gearbox has already secured their future.
The deal will be worth upwards of $500 million.
"Something that everybody needs to go through," huh?
Embracer CEO Lars Wingefor claims every game company will do this at some point.
Take me home, country road.
Both studios are two of the largest in Germany, potentially devastating the game industry in the country.
Here's your reminder not to invite a vampire into your home.
The timing for these layoffs are why they sting particularly hard.
We can only hope this game meets the fans' expectations.
This unfortunately is not likely to be the end of Embracer's announcements of layoffs.
It's unfortunate that Embracer can't even retain this studio that they founded, instead of buying.
No one is working on this game project right now.
It doesn't mean the games are getting cancelled, but it's not good news at all.
At least it looks like Starbreeze is getting another chance.
Embracer is scheduled to finish restructuring by March 2024.
It's the first sign that the company is holding itself responsible.
This goes without saying, but Gearbox could probably buy themselves out if necessary.