Tomb Raider Chronicles - EMBRACER GROUP TO TRANSFORM INTO THREE ENTITIES

Embracer Group has announced its intention to transform into three standalone publicly listed entities at Nasdaq Stockholm. The deal will see the Tomb Raider IP controlled by newly formed Middle-earth Enterprises and Friends, the business arm responsible for AAA video-game development.

Asmodee Group, Coffee Stain and Friends and Middle-earth Enterprises and Friends "will be separate, publicly listed companies, enabling each entity to better focus on their respective core strategies and offer more differentiated and distinct equity stories for existing and new shareholders."

"Middle-earth Enterprises and Friends is intended to remain a creative powerhouse in AAA game development and publishing for PC and console, and the stewards of The Lord of the Rings and Tomb Raider intellectual properties."

"Middle-earth Enterprises and Friends will be the home of critically acclaimed studios, including Crystal Dynamics, Dambuster Studios, Eidos-Montreal, Flying Wild Hog Studios, Tripwire, Vertigo Games, Warhorse Studios and 4A Games among many others. IPs includes Dead Island, Killing Floor, Kingdom Come Deliverance, The Lord of the Rings, Metro and Tomb Raider, among many others. The group will include PLAION, Freemode, Dark Horse and other businesses." says Embracer Group.

"This move has been made with the intention to unleash the full potential of each team and provide them with their own leadership and strategic direction. This is the start of a new chapter, a chapter that I intend to remain part of as an active, committed, and supportive shareholder of all three new entities, with an evergreen horizon. Moving 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 and entertainment across the globe." says Lars Wingefors, co-founder and Group CEO of Embracer Group.