The long and short of it is Embracer has spent its entire existence as a consumption entity, buying every IP and studio it could get its hands on, with the intention of being a gaming publisher juggernaut. This was all done on ZIRP-era credit.
They then proceeded to run it into the ground. Waves of layoffs and studio closures, mismanagement, and a credit crunch that ultimately debilitated the company.
In other words, from the outside anyway, it looks like a classic Private Equity layup and cashout.
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Is there something specific in that corporate saga you're referring to?
I'm not inclined to trust corporate do-gooding either, but it would be nice to have some detail.
The long and short of it is Embracer has spent its entire existence as a consumption entity, buying every IP and studio it could get its hands on, with the intention of being a gaming publisher juggernaut. This was all done on ZIRP-era credit.
They then proceeded to run it into the ground. Waves of layoffs and studio closures, mismanagement, and a credit crunch that ultimately debilitated the company.
In other words, from the outside anyway, it looks like a classic Private Equity layup and cashout.
Do not trust the Embracer Group.
So their name is a hint at “ Embrace, (extend), and extinguish”?
...damn, that's a good one!
Well, for starters, partially owned by the Saudi state. It might be common to take a lot of money from them, but I personally think it’s morally wrong
So they embrace game developers, then cut them up into small pieces with a bone saw?
Then they disposed of the Pieces Interactive by feeding them to Piranha Bytes!
The whole history of that company is just a big list of flags. It’s depressing how many good studios are owned by these people.