One of Embracer's top executives resigns and announces his own gaming company at the same time

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Andy has been gaming on PCs from the very beginning, starting as a youngster with text adventures and primitive action games on a cassette-based TRS80.

today that he has formally resigned as the company's chief operating officer—essentially, Embracer's number-two guy—and that he's now launching an all-new game company of his own., a month after the last-minute collapse of a"groundbreaking strategic partnership" worth more than $2 billion. His replacement was named as Matthew Karch, formerly the CEO of Saber Interactive, one of Embracer's divisions.

"My history with the group spans across two four-year stints, first 2011-14—the early foundational days with acquiring assets from Jowood and THQ and planting the seeds to what we then didn’t know would become Embracer Group," Strunke wrote."Then returning 2019 to a sizzling, acquisitional hotbed where new entrepreneurs and exciting studios were added quarter by quarter. Growing employees 14x to 16.

"Although the last year has been rough, in line with general market changes and industry consolidation, I am positive that Embracer will come out stronger and with a long, bright future ahead of them." In terms of public profile, Strunke isn't a Phil Spencer or a Randy Pitchford, but his departure from Embracer is noteworthy because of the"rough" past year he alluded to in his message. For about a three-year run, Embracer Group was an absolute beast on the acquisition front, hoovering up every mid-tier developer and publisher it could reach, including some big players like.

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