Embracer splits into three companies following mass layoffs and canceled games

Embracer Group completed its restructuring process last month, which saw over 1,300 layoffs, almost 30 games canceled, and a number of studios closed. Now, the company has announced that Embracer Group is splitting into three companies: Asmodee, Coffee Stain & Friends, and Middle-earth Enterprises & Friends, which will each be listed as separate companies on Nasdaq Stockholm. Embracer Group separates into three separate businesses https://www.trueachievements.com/customimages/148521.

'This move towards three independent companies reinforces Embracer’s vision of backing entrepreneurs and creators with a long-term mindset, allowing them to continue to deliver unforgettable experiences for gamers and fans across the globe.' Asmodee features 23 studios and over 300 IPs as the group's publisher and distributor of physical and digital board games and trading cards.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Embracer announces plan to split into three companies, including 'Middle-earth Enterprises and Friends'Tom is Eurogamer's Editor-in-Chief. He writes lots of news, some of the puns and makes sure we put the accent on Pokémon. Tom joined Eurogamer in 2010 following a stint running a Nintendo fansite, and still owns two GameCubes. He also still plays Pokémon Go every day.
Source: eurogamer - 🏆 68. / 61 Read more »