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EMBRACER GROUP TO DIVEST GEARBOX ENTERTAINMENT

Gearbox Entertainment has been sold to Take-Two Interactive Software by Embracer Group in a deal valued at USD 460 million (SEK 4.9 billion), marking the final structured divestment process for the Swedish video-game and media holding company. Embracer Group will retain selected companies including Gearbox Publishing San Francisco, to be renamed.

Last Updated: Mar 28, 2024

EMBRACER GROUP BOOSTS MCAP ON NASDAQ STOCKHOLM

Embracer Group has climbed 10.7 per cent on Nasdaq Stockholm following the divestment of Saber Interactive and an ongoing restructuring program. The Swedish video-game and media holding company's share price reached 20.7 SEK during mid-afternoon trading, boosting market capitalisation to 27 742 MSEK.

Last Updated: Mar 27, 2024

AMAZON GAMES TO ATTEND GAME DEVELOPERS CONFERENCE 2024

Amazon Games will be attending Game Developers Conference in San Francisco from 18th of March to 22nd of March, 2024. Embracer Group and Amazon Games have an agreement under which Crystal Dynamics will develop a new multi-platform Tomb Raider title powered by Unreal Engine 5, with Amazon Games providing full support and publishing the game globally.

Last Updated: Mar 16, 2024

EMBRACER GROUP ANNOUNCES DIVESTMENT OF SABER INTERACTIVE

Saber Interactive has been sold by Embracer Group in a deal valued at 247M USD. The sale does not include Tomb Raider developer Aspyr Media who was acquired by Embracer Group in February of 2021 and placed within Saber Interactive. The buyer is Beacon Interactive, a company controlled by Saber Interactive co-founder Matthew Karch.

Last Updated: Mar 14, 2024

TOMB RAIDER SERIES READIES 100 MILLION MILESTONE

The Tomb Raider franchise is fast approaching (or may have already exceeded) 100 million units sold worldwide. The last official figures were released in December of 2022 and put units sold at 95 million copies since the first entry debuted in 1996. Embracer Group, owners of Crystal Dynamics and the Tomb Raider franchise, has stated the recently released Tomb Raider I-III Remastered will boost the forecast for Q4.

Last Updated: Mar 9, 2024

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