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Embracer Group , the company that has been in the gaming news for a while for its studio apartment closures , is pause its programme for further expansion . This decision follows a period of reorganization that involved selling crucial studios and laying off faculty . It ’s good to hear that they wo n’t be reconstruct before making sure they ’re static .
During a late investor call ( thanks , RPS ) , Embracer CEO Lars Wingefors let on that the company ’s restructuring process has been finalise . As part of this procedure , Gearbox Entertainment , the developer behind Borderlands , has been sell to Take - Two Interactive . Wingefors spotlight that the decisiveness to sell these studio was driven by their “ negative hard cash menstruation ” and direct at improving Embracer ’s profitability .
Embracer ’s chief executive officer Wingefors late mentioned that the companionship is not plan to pursue new studio acquisitions at the moment . Instead , the focal point will be on enhancing the lucrativeness of its current studio apartment by creating better products and promote coaction among different development teams within the Embracer Group .
Embracer has been rapidly turn in the game industry in late age . By early 2023 , the company had acquired an impressive 138 studios . These included well - known epithet like Crystal Dynamics , Eidos Montreal , Volition , Deep Silver , 4A Games , and others .
“ Looking to do more [ uniting and acquisitions ] pot – I think it ’s right smart too early to start up talking about restarting the M&A railway locomotive again . Now we are in the belated phase angle of the thoughtfulness into the time to come of the chemical group , and that ’s our highest focus and precedence – how we set up ourselves and structure ourselves , and utilise our assets we have within the grouping , and have them work together , and how we leverage them better play together , utilising unlike subroutine , I think that ’s our focus right now , to increase profitability and cashflow generation , by plainly make good product and biz . ”
However , Embracer ’s stop of change has conduct to some significant outcomes . The company divide Saber Interactive ( including its subsidiary like 3D Realms and 4A Games ) into an main entity , close down Free Radical Design ( make love for the TimeSplitters series ) , discontinued surgical procedure at Saints Row developer Volition , and reduced its total workforce by approximately 8 % .
While Embracer has announced a irregular stoppage to further acquisitions , it ’s undecipherable whether the company will re-start its previous scheme in the future . constituent such as grocery store condition , investor expectations , and the overall gambling industriousness landscape painting may determine the company ’s determination .
