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SAVVY GAMES NAMED AS EMBRACER GROUP PARTNER

The two billion dollar deal between Embracer Group and an unnamed suitor that fell through in May was with Saudi government-funded Savvy Games Group, Stephen Totilo from Axios Gaming reports. The breakdown took a sizable bite out of Embracer Group's market capitalisation and prompted a statement from Crystal Dynamics reassuring fans that Tomb Raider continues to be in active development at the studio.

Last Updated: Aug 14, 2023

EMBRACER GROUP ANNOUNCES Q1 23/24 PRESENTATION

Embracer Group has announced a presentation 'in connection with the publication of the interim report for the first quarter of the financial year 2023/2024, the period April-June 2023.' The event will be held on 17 August, 2023 in Stockholm with CEO Lars Wingefors, CFO and Deputy CEO Johan Ekstrom, and Simon Jonsson, equity analyst from ABG Sundal Collier, in attendance.

Last Updated: Aug 10, 2023

EMBRACER GROUP COMPLETES DIRECTED SHARE ISSUE

Embracer Group, owners of 138 internal studios including Gearbox Software, Crystal Dynamics and Eidos Montreal, has announced a directed share issue of 80,000,000 new B shares raising proceeds of SEK 2 billion has been completed. The subscription price at the time of transaction was SEK 25.00 per B share and a total of 80,000,000 B shares were issued.

Last Updated: Jul 6, 2023

EMBRACER GROUP PUBLISHES YEAR IN BRIEF FOR 2023

Embracer Group, owners of 138 internal studios including Gearbox Software, Crystal Dynamics and Eidos Montreal, has published its Annual Report and Year in Brief for the financial year 2022/2023. Highlights include 221 projects under development, of which 164 are unannounced, 3,248 SEK million in completed game development investments and 6,079 SEK million invested in game development.

Last Updated: Jun 21, 2023

RESTRUCTURING PLANS NO IMPACT ON TOMB RAIDER

Tomb Raider developer Crystal Dynamics has taken to Twitter to reassure fans following restructuring plans announced by parent company Embracer Group this morning including the closure of some studios and the cancellation of projects that have not yet been announced.

Last Updated: Jun 13, 2023

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