Embracer Group Is Splitting in Three Separate Listed Companies
The Embracer Group announced a transformation of the company, which will split into three separate publicly listed companies.
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The Embracer Group announced a transformation of the company, which will split into three separate publicly listed companies.
The Embracer Group has renamed Gearbox Publishing San Francisco as Arc Games. The first game from the group under their new name will be Gigantic: Rampage Edition which launches tomorrow, April 9.
Embracer Group has entered into an agreement with Take-Two Interactive Software to divest Gearbox Entertainment for a consideration of $460 million.
Embracer has divested itself of Gearbox, losing multiple studios and IP for a hefty sum in Take Two shares.
INSIDE INFORMATION: Embracer Group has today entered into an agreement to divest Gearbox Entertainment, for a consideration of USD 460 million to Take-Two Interactive Software, Inc. . The proceeds...