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href="https://donate.wikimedia.org/wiki/Special:FundraiserRedirector?utm_source=donate&utm_medium=sidebar&utm_campaign=C13_en.wikipedia.org&uselang=en" class="">Donate</a> </li> <li id="pt-createaccount-2" class="user-links-collapsible-item mw-list-item user-links-collapsible-item"><a data-mw="interface" href="/w/index.php?title=Special:CreateAccount&returnto=Embracer+Group" title="You are encouraged to create an account and log in; however, it is not mandatory" class="">Create account</a> </li> <li id="pt-login-2" class="user-links-collapsible-item mw-list-item user-links-collapsible-item"><a data-mw="interface" href="/w/index.php?title=Special:UserLogin&returnto=Embracer+Group" title="You're encouraged to log in; however, it's not mandatory. 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vector-pinnable-header-unpin-button" data-event-name="pinnable-header.vector-toc.unpin">hide</button> </div> <ul class="vector-toc-contents" id="mw-panel-toc-list"> <li id="toc-mw-content-text" class="vector-toc-list-item vector-toc-level-1"> <a href="#" class="vector-toc-link"> <div class="vector-toc-text">(Top)</div> </a> </li> <li id="toc-History" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#History"> <div class="vector-toc-text"> 1 History </div> </a> <button aria-controls="toc-History-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> Toggle History subsection </button> <ul id="toc-History-sublist" class="vector-toc-list"> <li id="toc-The_original_Nordic_Games_(1990s–2004)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#The_original_Nordic_Games_(1990s–2004)"> <div class="vector-toc-text"> 1.1 The original Nordic Games (1990s–2004) </div> </a> <ul id="toc-The_original_Nordic_Games_(1990s–2004)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-The_new_Nordic_Games_(2004–2011)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#The_new_Nordic_Games_(2004–2011)"> <div class="vector-toc-text"> 1.2 The new Nordic Games (2004–2011) </div> </a> <ul id="toc-The_new_Nordic_Games_(2004–2011)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Initial_international_expansion_(2011–2018)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Initial_international_expansion_(2011–2018)"> <div class="vector-toc-text"> 1.3 Initial international expansion (2011–2018) </div> </a> <ul id="toc-Initial_international_expansion_(2011–2018)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Rebranding_as_Embracer_Group_and_rapid_growth_(2019–2022)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Rebranding_as_Embracer_Group_and_rapid_growth_(2019–2022)"> <div class="vector-toc-text"> 1.4 Rebranding as Embracer Group and rapid growth (2019–2022) </div> </a> <ul id="toc-Rebranding_as_Embracer_Group_and_rapid_growth_(2019–2022)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Debt_and_restructuring_(2022–present)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Debt_and_restructuring_(2022–present)"> <div class="vector-toc-text"> 1.5 Debt and restructuring (2022–present) </div> </a> <ul id="toc-Debt_and_restructuring_(2022–present)-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Subsidiaries" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Subsidiaries"> <div class="vector-toc-text"> 2 Subsidiaries </div> </a> <button aria-controls="toc-Subsidiaries-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> Toggle Subsidiaries subsection </button> <ul id="toc-Subsidiaries-sublist" class="vector-toc-list"> <li id="toc-Divested_subsidiaries" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Divested_subsidiaries"> <div class="vector-toc-text"> 2.1 Divested subsidiaries </div> </a> <ul id="toc-Divested_subsidiaries-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Closed_subsidiaries" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Closed_subsidiaries"> <div class="vector-toc-text"> 2.2 Closed subsidiaries </div> </a> <ul id="toc-Closed_subsidiaries-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Merged_subsidiaries" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Merged_subsidiaries"> <div class="vector-toc-text"> 2.3 Merged subsidiaries </div> </a> <ul id="toc-Merged_subsidiaries-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> 3 References </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> 4 External links </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" 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data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target">Deutsch</a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – Spanish" lang="es" hreflang="es" data-title="Embracer Group" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target">Español</a></li><li class="interlanguage-link interwiki-fa mw-list-item"><a href="https://fa.wikipedia.org/wiki/%DA%AF%D8%B1%D9%88%D9%87_%D8%A7%D9%85%D8%A8%D8%B1%DB%8C%D8%B3%D8%B1" title="گروه امبریسر – Persian" lang="fa" hreflang="fa" data-title="گروه امبریسر" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target">فارسی</a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – French" lang="fr" hreflang="fr" data-title="Embracer Group" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target">Français</a></li><li class="interlanguage-link interwiki-ko mw-list-item"><a href="https://ko.wikipedia.org/wiki/%EC%97%A0%EB%B8%8C%EB%A0%88%EC%9D%B4%EC%84%9C_%EA%B7%B8%EB%A3%B9" title="엠브레이서 그룹 – Korean" lang="ko" hreflang="ko" data-title="엠브레이서 그룹" data-language-autonym="한국어" data-language-local-name="Korean" class="interlanguage-link-target">한국어</a></li><li class="interlanguage-link interwiki-he mw-list-item"><a href="https://he.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – Hebrew" lang="he" hreflang="he" data-title="Embracer Group" data-language-autonym="עברית" data-language-local-name="Hebrew" class="interlanguage-link-target">עברית</a></li><li class="interlanguage-link interwiki-nl mw-list-item"><a href="https://nl.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – Dutch" lang="nl" hreflang="nl" data-title="Embracer Group" data-language-autonym="Nederlands" data-language-local-name="Dutch" class="interlanguage-link-target">Nederlands</a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – Japanese" lang="ja" hreflang="ja" data-title="Embracer Group" data-language-autonym="日本語" data-language-local-name="Japanese" class="interlanguage-link-target">日本語</a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – Portuguese" lang="pt" hreflang="pt" data-title="Embracer Group" data-language-autonym="Português" data-language-local-name="Portuguese" class="interlanguage-link-target">Português</a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – Russian" lang="ru" hreflang="ru" data-title="Embracer Group" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target">Русский</a></li><li class="interlanguage-link interwiki-fi mw-list-item"><a href="https://fi.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – Finnish" lang="fi" hreflang="fi" data-title="Embracer Group" data-language-autonym="Suomi" data-language-local-name="Finnish" class="interlanguage-link-target">Suomi</a></li><li class="interlanguage-link interwiki-sv mw-list-item"><a href="https://sv.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – Swedish" lang="sv" hreflang="sv" data-title="Embracer Group" data-language-autonym="Svenska" data-language-local-name="Swedish" class="interlanguage-link-target">Svenska</a></li><li class="interlanguage-link interwiki-tr mw-list-item"><a href="https://tr.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – Turkish" lang="tr" hreflang="tr" data-title="Embracer Group" data-language-autonym="Türkçe" data-language-local-name="Turkish" class="interlanguage-link-target">Türkçe</a></li><li class="interlanguage-link interwiki-uk mw-list-item"><a href="https://uk.wikipedia.org/wiki/Embracer_Group" title="Embracer Group – Ukrainian" lang="uk" hreflang="uk" data-title="Embracer Group" data-language-autonym="Українська" data-language-local-name="Ukrainian" class="interlanguage-link-target">Українська</a></li><li class="interlanguage-link interwiki-zh mw-list-item"><a href="https://zh.wikipedia.org/wiki/%E6%8B%A5%E6%8A%B1%E8%80%85%E9%9B%86%E5%9B%A2" title="拥抱者集团 – Chinese" lang="zh" hreflang="zh" data-title="拥抱者集团" data-language-autonym="中文" data-language-local-name="Chinese" class="interlanguage-link-target">中文</a></li> </ul> <div class="after-portlet after-portlet-lang"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q65083539#sitelinks-wikipedia" title="Edit interlanguage links" class="wbc-editpage">Edit links</a></div> </div> </div> </div> </header> <div class="vector-page-toolbar"> <div class="vector-page-toolbar-container"> <div id="left-navigation"> <nav 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data-mw-ve-target-container> <div class="vector-body-before-content"> <div class="mw-indicators"> </div> <div id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Swedish video game and media holding company</div> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">Embracer Group AB</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><a href="/wiki/File:Embracer_Group_logo.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/7/74/Embracer_Group_logo.svg/220px-Embracer_Group_logo.svg.png" decoding="async" width="220" height="70" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/7/74/Embracer_Group_logo.svg/330px-Embracer_Group_logo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/7/74/Embracer_Group_logo.svg/440px-Embracer_Group_logo.svg.png 2x" data-file-width="500" data-file-height="158" /></a><div class="infobox-caption">Logo in use since September 2019</div></td></tr><tr><th scope="row" class="infobox-label">Formerly</th><td class="infobox-data nickname"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li>Nordic Games Licensing AB (2011–2016)</li><li>THQ Nordic AB (2016–2019)</li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="/wiki/Nasdaq_Nordic" title="Nasdaq Nordic">Nasdaq Stockholm</a>: <a rel="nofollow" class="external text" href="https://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE128651">EMBRAC B</a></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/International_Securities_Identification_Number" title="International Securities Identification Number">ISIN</a></th><td class="infobox-data"><a class="external text" href="https://isin.toolforge.org/?language=en&isin=SE0013121589">SE0013121589</a></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Video_game_industry" title="Video game industry">Video games</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">2011; 13 years ago (2011)</td></tr><tr><th scope="row" class="infobox-label">Founder</th><td class="infobox-data agent">Lars Wingefors</td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data adr"><div class="ib-company-locality locality"><a href="/wiki/Karlstad" title="Karlstad">Karlstad</a></div>, <div class="ib-company-country country-name">Sweden</div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist nowrap"><ul><li>Kicki Wallje-Lund (<a href="/wiki/Chairman" class="mw-redirect" title="Chairman">chairman</a>)<a href="#cite_note-Embracer:_Board_and_Management-1">[1]</a></li><li>Lars Wingefors (<a href="/wiki/Chief_executive_officer" title="Chief executive officer">CEO</a>)<a href="#cite_note-Embracer:_Board_and_Management-1">[1]</a></li><li>Phil Rogers (deputy CEO)<a href="#cite_note-Embracer:_Senior_Executives-2">[2]</a></li><li>Müge Bouillon (<a href="/wiki/Chief_financial_officer" title="Chief financial officer">CFO</a>)<a href="#cite_note-Embracer:_Senior_Executives-2">[2]</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /> 38.074 billion kr<a href="#cite_note-Embracer:_Annual_Report_2023-3">[3]</a> (2023)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Earnings_before_interest_and_taxes" title="Earnings before interest and taxes">Operating income</a></div></th><td class="infobox-data"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /> 0.194 billion kr<a href="#cite_note-Embracer:_Annual_Report_2023-3">[3]</a> (2023)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /> 4.462 billion kr<a href="#cite_note-Embracer:_Annual_Report_2023-3">[3]</a> (2023)</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Asset" title="Asset">Total assets</a></th><td class="infobox-data"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /> 116.071 billion kr<a href="#cite_note-Embracer:_Annual_Report_2023-3">[3]</a> (2023)</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Equity_(finance)" title="Equity (finance)">Total equity</a></th><td class="infobox-data"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /> 64.721 billion kr<a href="#cite_note-Embracer:_Annual_Report_2023-3">[3]</a> (2023)</td></tr><tr><th scope="row" class="infobox-label">Owners</th><td class="infobox-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist nowrap"><ul><li>Lars Wingefors AB (20.85%)<a href="#cite_note-Embracer:_Prospectus-4">[4]</a></li><li><a href="/wiki/Savvy_Games_Group" title="Savvy Games Group">Savvy Games Group</a> (8.08%)<a href="#cite_note-Embracer:_Prospectus-4">[4]</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">10,450 (2024)</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Parent_company" class="mw-redirect" title="Parent company">Parent</a></th><td class="infobox-data">Nordic Games Group (2011–2016)</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Subsidiary" title="Subsidiary">Subsidiaries</a></th><td class="infobox-data">See <a href="#Subsidiaries">§ Subsidiaries</a></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><a rel="nofollow" class="external text" href="https://embracer.com/">embracer.com</a></td></tr></tbody></table> Embracer Group AB (formerly Nordic Games Licensing AB and THQ Nordic AB) is a Swedish video game and media <a href="/wiki/Holding_company" title="Holding company">holding company</a> based in <a href="/wiki/Karlstad" title="Karlstad">Karlstad</a>. The company comprises 9 operative groups: Amplifier Game Invest, <a href="/wiki/Asmodee" title="Asmodee">Asmodee</a>, CDE Entertainment, <a href="/wiki/Coffee_Stain_Studios" title="Coffee Stain Studios">Coffee Stain</a>, Dark Horse Media, <a href="/wiki/DECA_Games" class="mw-redirect" title="DECA Games">Deca Games</a>, Freemode, <a href="/wiki/Plaion" title="Plaion">Plaion</a>, and <a href="/wiki/THQ_Nordic" title="THQ Nordic">THQ Nordic</a>. Embracer Group was established as Nordic Games Licensing within Nordic Games Group in 2011. The latter had previously purchased assets from the bankrupt publisher <a href="/wiki/JoWooD" title="JoWooD">JoWooD</a> and established <a href="/wiki/Nordic_Games_GmbH" class="mw-redirect" title="Nordic Games GmbH">Nordic Games GmbH</a> (a subsidiary of Nordic Games Licensing) to manage them. Nordic Games Licensing continued to purchase <a href="/wiki/Intellectual_property" title="Intellectual property">intellectual property</a> from defunct publishers, notably several <a href="/wiki/THQ" title="THQ">THQ</a> products in 2013, followed by the "THQ" trademark in 2014. In August 2016, Nordic Games Licensing and Nordic Games GmbH changed their names to THQ Nordic. The parent company became a <a href="/wiki/Public_company" title="Public company">public company</a> in 2016 and was renamed Embracer Group in 2019. Until 2023, Embracer Group rapidly grew through major acquisitions and investments. After a US$2 billion investment unexpectedly fell through, the company was more than $2 billion in debt and began closing and selling multiple studios and while laying off people at others. On 22 April 2024, Embracer Group announced its intention to transform into three standalone publicly listed entities on Nasdaq Stockholm within the next two years: a board game segment under the Asmodee group, an indie games segment under Coffee Stain Publishing, and a segment to manage its library of licensed intellectual properties include that of Tolkien's <a href="/wiki/Middle_Earth" class="mw-redirect" title="Middle Earth">Middle Earth</a>.<a href="#cite_note-5">[5]</a> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=1" title="Edit section: History">edit</a>]</div> <div class="mw-heading mw-heading3"><h3 id="The_original_Nordic_Games_(1990s–2004)">The original Nordic Games (1990s–2004)</h3>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=2" title="Edit section: The original Nordic Games (1990s–2004)">edit</a>]</div> The Swedish <a href="/wiki/Entrepreneur" class="mw-redirect" title="Entrepreneur">entrepreneur</a> Lars Wingefors started several sales businesses during his teenage years, including the second-hand <a href="/wiki/Comic_book" title="Comic book">comic book</a> seller LW Comics at age 13, which made close to 300,000 <a href="/wiki/Swedish_krona" title="Swedish krona">kr</a> annually.<a href="#cite_note-Entreprenör:_Wingefors-6">[6]</a><a href="#cite_note-Swedish_Enterprise:_Wingefors-7">[7]</a> At age 16, Wingefors founded Nordic Games to sell used video games. In its first year, the company generated 5 million kr in revenue. With growing income throughout the 1990s, Nordic Games was turned into a retail chain and opened seven locations across Sweden.<a href="#cite_note-Entreprenör:_Wingefors-6">[6]</a> The company also acquired the store Spel- & Tele shopen in <a href="/wiki/Link%C3%B6ping" title="Linköping">Linköping</a> that Pelle Lundborg had opened four years earlier.<a href="#cite_note-Dagens_industri:_We_Sing-8">[8]</a> Towards the end of the 1990s, Nordic Games was suffering from a poor corporate structure. Although Wingefors was asked to either seek new partners or bring in <a href="/wiki/Venture_capital" title="Venture capital">venture capital</a>, he opted to sell the company to Gameplay Stockholm, the Swedish subsidiary of Europe-wide retailer <a href="/wiki/Gameplay.com" class="mw-redirect" title="Gameplay.com">Gameplay.com</a>, in March 2000 for <a href="/wiki/Stock" title="Stock">stock</a> valued at £5.96 million.<a href="#cite_note-Entreprenör:_Wingefors-6">[6]</a><a href="#cite_note-The_Guardian:_Gameplay.com-9">[9]</a> Under Gameplay.com, Nordic Games failed to generate much revenue. It tried to establish <a href="/wiki/Mobile_game" title="Mobile game">mobile game</a>, <a href="/wiki/Digital_distribution" title="Digital distribution">digital distribution</a> and <a href="/wiki/Cable_TV" class="mw-redirect" title="Cable TV">cable TV</a> box businesses, all of which did not gain traction.<a href="#cite_note-Entreprenör:_Wingefors-6">[6]</a> When the <a href="/wiki/Dot-com_bubble" title="Dot-com bubble">dot-com bubble</a> burst, Gameplay.com faced financial issues, and Nordic Games was sold back to Wingefors in May 2001 for a symbolic sum of 1 kr (at the time equivalent to £0.07).<a href="#cite_note-Entreprenör:_Wingefors-6">[6]</a><a href="#cite_note-NYTimes:_Gameplay.com-10">[10]</a><a href="#cite_note-The_Register:_Gameplay.com-11">[11]</a> Wingefors brought in venture capitalists and reformed the company to only sell newly released games, but the company faced strong competition and finally filed for <a href="/wiki/Bankruptcy" title="Bankruptcy">bankruptcy</a> in 2004.<a href="#cite_note-Entreprenör:_Wingefors-6">[6]</a> <div class="mw-heading mw-heading3"><h3 id="The_new_Nordic_Games_(2004–2011)">The new Nordic Games (2004–2011)</h3>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=3" title="Edit section: The new Nordic Games (2004–2011)">edit</a>]</div> Wingefors invested the money he had left into a new <a href="/wiki/Limited_company" title="Limited company">limited company</a> and, together with potential customers acting as investors, reformed Nordic Games under the name Game Outlet Europe.<a href="#cite_note-Entreprenör:_Wingefors-6">[6]</a> The new company saw success with purchasing unsold inventory from larger video game companies (such as <a href="/wiki/Electronic_Arts" title="Electronic Arts">Electronic Arts</a>), repackaging them on pallets in its <a href="/wiki/Karlstad" title="Karlstad">Karlstad</a> headquarters, and selling them on the international market and through other retail chains, including Jula, <a href="/wiki/Coop_Forum" class="mw-redirect" title="Coop Forum">Coop</a>, and <a href="/wiki/ICA_Gruppen" title="ICA Gruppen">ICA</a>.<a href="#cite_note-Entreprenör:_Wingefors-6">[6]</a><a href="#cite_note-Swedish_Enterprise:_Wingefors-7">[7]</a> In December 2008, Nordic Games Publishing was established as the <a href="/wiki/Video_game_publishing" class="mw-redirect" title="Video game publishing">video game publishing</a> subsidiary of Game Outlet Europe.<a href="#cite_note-Dagens_industri:_We_Sing-8">[8]</a> The subsidiary started out with seven people, including primary shareholder Wingefors, based in Karlstad, and <a href="/wiki/Chief_executive_officer" title="Chief executive officer">chief executive officer</a> Lundborg, who had since moved to <a href="/wiki/M%C3%A1laga" title="Málaga">Málaga</a> with his wife.<a href="#cite_note-Dagens_industri:_We_Sing-8">[8]</a><a href="#cite_note-GIbiz:_People_of_the_Year_2018-12">[12]</a> Nik Blower in <a href="/wiki/London" title="London">London</a> was added to the management team in February 2010.<a href="#cite_note-Dagens_industri:_We_Sing-8">[8]</a><a href="#cite_note-Nordic_Games:_Blower-13">[13]</a> The idea behind Nordic Games Publishing was to invest in the development of games that would fill gaps in the video game market. Wingefors and Lundborg had noticed that the line-up of games for <a href="/wiki/Nintendo" title="Nintendo">Nintendo</a> platforms was lacking <a href="/wiki/Karaoke" title="Karaoke">karaoke</a> games similar to <a href="/wiki/SingStar" title="SingStar">SingStar</a>, which was exclusive to <a href="/wiki/PlayStation" title="PlayStation">PlayStation</a> consoles.<a href="#cite_note-Dagens_industri:_We_Sing-8">[8]</a> Based on 100-page requirement documents from Nintendo, which included that the game's microphones should be produced by <a href="/wiki/Logitech" title="Logitech">Logitech</a>, and four months of research at a karaoke bar in <a href="/wiki/Watford" title="Watford">Watford</a>, England, Nordic Games Publishing assembled a song list for a prospective game and started producing what would later become <a href="/wiki/We_Sing" title="We Sing">We Sing</a>.<a href="#cite_note-Dagens_industri:_We_Sing-8">[8]</a> Around this time, Nordic Games Publishing also released Dance Party Club Hits, a <a href="/wiki/Dance_game" class="mw-redirect" title="Dance game">dance game</a> that came bundled with a dancing mat.<a href="#cite_note-Dagens_industri:_We_Sing-8">[8]</a> In 2009, Nordic Games Publishing had a turnover of 50 million kr, of which 75% were accounted for by sales of We Sing.<a href="#cite_note-Dagens_industri:_We_Sing-8">[8]</a> For 2010, the company projected a turnover of 200 million kr, while at the same time, Lundborg was looking for new investors to make the company independent of Game Outlet Europe.<a href="#cite_note-Dagens_industri:_We_Sing-8">[8]</a> By March 2011, Nordic Games Holding had been established as a <a href="/wiki/Holding_company" title="Holding company">holding company</a>, with Game Outlet Europe and Nordic Games Publishing aligned as its subsidiaries.<a href="#cite_note-Entreprenör:_Wingefors-6">[6]</a> <div class="mw-heading mw-heading3"><h3 id="Initial_international_expansion_(2011–2018)">Initial international expansion (2011–2018)</h3>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=4" title="Edit section: Initial international expansion (2011–2018)">edit</a>]</div> <figure class="mw-default-size mw-halign-right" typeof="mw:File/Thumb"><a href="/wiki/File:THQ_Nordic_logo_2016.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/1/1b/THQ_Nordic_logo_2016.svg/220px-THQ_Nordic_logo_2016.svg.png" decoding="async" width="220" height="35" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/1/1b/THQ_Nordic_logo_2016.svg/330px-THQ_Nordic_logo_2016.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/1/1b/THQ_Nordic_logo_2016.svg/440px-THQ_Nordic_logo_2016.svg.png 2x" data-file-width="1869" data-file-height="300" /></a><figcaption>Former logo of THQ Nordic AB (2016–2019)</figcaption></figure> In June 2011, Nordic Games Holding acquired the assets of the insolvent publisher <a href="/wiki/JoWooD" title="JoWooD">JoWooD</a> and its subsidiaries.<a href="#cite_note-GIbiz:_JoWooD-14">[14]</a><a href="#cite_note-GameSpot:_JoWooD-15">[15]</a> The acquired assets were transferred to <a href="/wiki/Nordic_Games_GmbH" class="mw-redirect" title="Nordic Games GmbH">Nordic Games GmbH</a>, a newly established subsidiary office in <a href="/wiki/Vienna" title="Vienna">Vienna</a>, Austria.<a href="#cite_note-Gamasutra:_JoWooD-16">[16]</a> Several former JoWooD employees were hired by Nordic Games GmbH to work on the backlog sales of former JoWooD properties, and Nordic Games Publishing was integrated into Nordic Games GmbH to facilitate publishing operations.<a href="#cite_note-Noridc_Games_Group:_History-17">[17]</a> Nordic Games Licensing AB, also established in 2011, became the holding company within Nordic Games Holding (later known as Nordic Games Group), as well as the parent company of Nordic Games GmbH.<a href="#cite_note-Polygon:_Who_is_Nordic_Games-18">[18]</a><a href="#cite_note-Embracer:_Annual_Report_2016-19">[19]</a> In April 2013, Nordic Games Licensing bought several assets of the bankrupt publisher <a href="/wiki/THQ" title="THQ">THQ</a> to be managed by Nordic Games GmbH.<a href="#cite_note-Polygon:_Who_is_Nordic_Games-18">[18]</a> It obtained the "THQ" <a href="/wiki/Trademark" title="Trademark">trademark</a> in June 2014, intending to use the name as a publishing label for its THQ properties.<a href="#cite_note-Polygon:_THQ_Nordic_name-20">[20]</a> Subsequently, in August 2016, the company changed its name to THQ Nordic, while Nordic Games GmbH became THQ Nordic GmbH.<a href="#cite_note-Polygon:_THQ_Nordic_name-20">[20]</a><a href="#cite_note-Embracer:_Interim_Report_2016-21">[21]</a> According to Wingefors and THQ Nordic GmbH's Reinhard Pollice, the name change was undergone to capitalise on the good reputation of THQ's past, although they avoided naming the companies just "THQ" to avoid connections to the bankrupt publisher's more recent troubled history.<a href="#cite_note-Polygon:_THQ_Nordic_name-20">[20]</a> THQ Nordic undertook its <a href="/wiki/Initial_public_offering" title="Initial public offering">initial public offering</a> on 22 November 2016 and became a <a href="/wiki/Public_company" title="Public company">public company</a> listed on the <a href="/wiki/Nasdaq_First_North" title="Nasdaq First North">Nasdaq First North</a> stock exchange, being valuated at 1.9 billion kr, while Wingefors retained a 50% ownership in the company.<a href="#cite_note-Tech.eu:_IPO-22">[22]</a> In February 2018, THQ Nordic acquired the Austrian multimedia company <a href="/wiki/Koch_Media" class="mw-redirect" title="Koch Media">Koch Media</a>, which operated the <a href="/wiki/Deep_Silver" title="Deep Silver">Deep Silver</a> video game label, for €121 million.<a href="#cite_note-GamesWirtschaft:_Koch_Media-23">[23]</a> Koch Media was set to operate independently under THQ Nordic, separate from THQ Nordic GmbH.<a href="#cite_note-GamesWirtschaft:_Koch_Media-23">[23]</a> To better reflect its holding function and to avoid confusion between THQ Nordic and its Viennese office, THQ Nordic stated that it planned to rename itself in the future.<a href="#cite_note-GamesWirtschaft:_Koch_Media-23">[23]</a> In June 2018, the company issued 7.7 million new <a href="/wiki/Class_B_share" title="Class B share">Class B shares</a> to raise US$168 million for future acquisitions.<a href="#cite_note-Gamasutra:_June_2018_capital-24">[24]</a> The company bought the Coffee Stain group, including houses developer <a href="/wiki/Coffee_Stain_Studios" title="Coffee Stain Studios">Coffee Stain Studios</a>, for 317 million kr in cash.<a href="#cite_note-Gematsu:_Coffee_Stain-25">[25]</a> Coffee Stain became THQ Nordic's "third leg", operating independently like Koch Media.<a href="#cite_note-Gematsu:_Coffee_Stain-25">[25]</a> Through the two acquisitions and continued sales from THQ Nordic GmbH, THQ Nordic's net sales rose by 713%, to $447.6 million, in its 2018 <a href="/wiki/Fiscal_year" title="Fiscal year">fiscal year</a>.<a href="#cite_note-GIbiz:_713_percent-26">[26]</a> In December 2018, <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a> named Wingefors as one of their People of the Year.<a href="#cite_note-GIbiz:_People_of_the_Year_2018-12">[12]</a> <div class="mw-heading mw-heading3"><h3 id="Rebranding_as_Embracer_Group_and_rapid_growth_(2019–2022)">Rebranding as Embracer Group and rapid growth (2019–2022)</h3>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=5" title="Edit section: Rebranding as Embracer Group and rapid growth (2019–2022)">edit</a>]</div> In February 2019, THQ Nordic issued 11 million new Class B shares and raised 2.09 billion kr.<a href="#cite_note-GIbiz:_February_2019_capital-27">[27]</a> At the end of its first <a href="/wiki/Fiscal_quarter" class="mw-redirect" title="Fiscal quarter">fiscal quarter</a> of 2019, THQ Nordic bought Game Outlet Europe for 10 million kr from Nordic Games Group, which was still majority-owned by Wingefors.<a href="#cite_note-Embracer:_Interim_Report_2019-28">[28]</a> THQ Nordic then bought the investment arm of Goodbye Kansas, Goodbye Kansas Game Invest (GKGI), and its investments in five startup developers—Palindrome Interactive, Fall Damage, Neon Giant, Kavalri Games and Framebunker—for 42.4 million kr.<a href="#cite_note-GIbiz:_GKGI-29">[29]</a><a href="#cite_note-Embracer:_GKGI-30">[30]</a> GKGI was later rebranded Amplifier Game Invest to reflect its new ownership.<a href="#cite_note-GIbiz:_Amplifier_name-31">[31]</a> To avoid further confusion with THQ Nordic GmbH and clarify its position as a holding company, THQ Nordic assumed the name "Embracer Group" at its <a href="/wiki/Annual_general_meeting" title="Annual general meeting">annual general meeting</a> on 17 September 2019, while the branch in Vienna retained its name.<a href="#cite_note-Gematsu:_New_holding_name-32">[32]</a><a href="#cite_note-Embracer:_Embracer_name-33">[33]</a> In the following months, Embracer made several acquisitions and openings: Amplifier Game Invest bought <a href="/wiki/Tarsier_Studios" title="Tarsier Studios">Tarsier Studios</a> for 99 million kr. in December 2019 and opened River End Games and C77 Entertainment in January 2020.<a href="#cite_note-GIbiz:_Tarsier_Studios-34">[34]</a><a href="#cite_note-GIbiz:_River_End_Games-35">[35]</a><a href="#cite_note-GIbiz:_C77_Entertainment-36">[36]</a> Embracer Group acquired <a href="/wiki/Saber_Interactive" title="Saber Interactive">Saber Interactive</a> and its five satellite studios in February 2020 for a $525 million to establish its fifth operative group.<a href="#cite_note-GIbiz:_Saber-37">[37]</a> The holding raised $164 million in April 2020 for future expansion and bought <a href="/wiki/Deca_Games" title="Deca Games">Deca Games</a> as its sixth operative group for €25 million in August 2020.<a href="#cite_note-GIbiz:_April_2020_capital-38">[38]</a><a href="#cite_note-Embracer:_Deca_Games-39">[39]</a> In the same month, the Embracer Group announced the acquisitions of Palindrome Interactive, Rare Earth Games and Vermila Studios under Amplifier Game Invest, <a href="/wiki/4A_Games" title="4A Games">4A Games</a> and <a href="/wiki/New_World_Interactive" title="New World Interactive">New World Interactive</a> under Saber Interactive, Pow Wow Entertainment under THQ Nordic, and Sola Media under Koch Media's film division.<a href="#cite_note-Gamasutra:_August_2020_acquisitions-40">[40]</a> By November, the company had also purchased 34BigThings, <a href="/wiki/Mad_Head_Games" title="Mad Head Games">Mad Head Games</a>, <a href="/wiki/Nimble_Giant_Entertainment" title="Nimble Giant Entertainment">Nimble Giant Entertainment</a>, Sandbox Strategies, <a href="/wiki/Snapshot_Games" title="Snapshot Games">Snapshot Games</a> and <a href="/wiki/Zen_Studios" title="Zen Studios">Zen Studios</a> via Saber Interactive, A Thinking Ape Entertainment and IUGO Mobile Entertainment via Deca Games, <a href="/wiki/Flying_Wild_Hog" title="Flying Wild Hog">Flying Wild Hog</a> via Koch Media, <a href="/wiki/Purple_Lamp_Studios" class="mw-redirect" title="Purple Lamp Studios">Purple Lamp Studios</a> via THQ Nordic, Silent Games via Amplifier Game Invest, as well as Quantic Lab directly.<a href="#cite_note-Gematsu:_November_2020_acquisitions-41">[41]</a> According to Klemens Kreuzer, the chief executive officer of THQ Nordic, the large number of acquisitions represented a <a href="/wiki/Portfolio_diversification" class="mw-redirect" title="Portfolio diversification">portfolio diversification</a> that contrasted the reliance of larger publishers like Electronic Arts on a few keystone titles.<a href="#cite_note-VentureBeat:_Acquisition_binge-42">[42]</a> Embracer Group announced three major acquisitions in February 2021: Gearbox Entertainment (including <a href="/wiki/Gearbox_Software" title="Gearbox Software">Gearbox Software</a>) for $1.3 billion and Easybrain for $640 million as the seventh and eighth operative groups, as well as <a href="/wiki/Aspyr" title="Aspyr">Aspyr</a> (under Saber Interactive) for $450 million.<a href="#cite_note-VentureBeat:_Gearbox-43">[43]</a><a href="#cite_note-VentureBeat:_Easybrain-44">[44]</a><a href="#cite_note-VentureBeat:_Aspyr-45">[45]</a> These acquisitions were completed by April 2021.<a href="#cite_note-Gematsu:_Gearbox_complete-46">[46]</a> Embracer Group began issuing additional stock in March 2021 and raised another $890 million to further its acquisition strategies.<a href="#cite_note-GIbiz:_April_2021_capital-47">[47]</a> That year, the company also bought <a href="/wiki/3D_Realms" title="3D Realms">3D Realms</a>, <a href="/wiki/Demiurge_Studios" title="Demiurge Studios">Demiurge Studios</a>, Fractured Byte, <a href="/wiki/Slipgate_Ironworks" title="Slipgate Ironworks">Slipgate Ironworks</a> and SmartPhone Labs through Saber Interactive, Appeal Studios, Kaiko and Massive Miniteam through THQ Nordic, Frame Break through Amplifier Game Invest, CrazyLabs through Deca Games, <a href="/wiki/Ghost_Ship_Games" title="Ghost Ship Games">Ghost Ship Games</a> and Easy Trigger Games through Coffee Stain, <a href="/wiki/DigixArt" title="DigixArt">DigixArt</a> through Koch Media, as well as Grimfrost directly.<a href="#cite_note-Embracer:_May_2021_acquisitions-48">[48]</a><a href="#cite_note-Gamasutra:_August_2021_acquisitions-49">[49]</a><a href="#cite_note-Gematsu:_August_2021_acquisitions-50">[50]</a> <a href="/wiki/Asmodee" title="Asmodee">Asmodee</a>, which principally distributed board games, became Embracer Group's ninth operative group for €2.75 billion in December 2021.<a href="#cite_note-GIbiz:_Asmodee-51">[51]</a> In the same month, Embracer Group announced its tenth operative group with the acquisition of Dark Horse Media, the parent company of <a href="/wiki/Dark_Horse_Comics" title="Dark Horse Comics">Dark Horse Comics</a> and <a href="/wiki/Dark_Horse_Entertainment" title="Dark Horse Entertainment">Dark Horse Entertainment</a>, and Gearbox Entertainment purchased <a href="/wiki/Perfect_World_Entertainment" class="mw-redirect" title="Perfect World Entertainment">Perfect World Entertainment</a>, including <a href="/wiki/Cryptic_Studios" title="Cryptic Studios">Cryptic Studios</a>, for $125 million.<a href="#cite_note-GIbiz:_Dark_Horse-52">[52]</a><a href="#cite_note-GIbiz:_Perfect_World-53">[53]</a> In May 2022, <a href="/wiki/Square_Enix" title="Square Enix">Square Enix</a> and Embracer Group entered into an agreement for the latter to purchase <a href="/wiki/Crystal_Dynamics" title="Crystal Dynamics">Crystal Dynamics</a>, <a href="/wiki/Eidos-Montr%C3%A9al" title="Eidos-Montréal">Eidos-Montréal</a>, and <a href="/wiki/Square_Enix_Montreal" title="Square Enix Montreal">Square Enix Montreal</a>, alongside <a href="/wiki/Intellectual_property" title="Intellectual property">intellectual properties</a> like <a href="/wiki/Tomb_Raider" title="Tomb Raider">Tomb Raider</a>, <a href="/wiki/Deus_Ex" title="Deus Ex">Deus Ex</a>, <a href="/wiki/Thief_(series)" title="Thief (series)">Thief</a>, and <a href="/wiki/Legacy_of_Kain" title="Legacy of Kain">Legacy of Kain</a>, for $300 million.<a href="#cite_note-IGN:_Eidos-54">[54]</a><a href="#cite_note-Embracer:_Eidos-55">[55]</a> The acquisition was closed by August 2022 and the assets transferred to CDE Entertainment.<a href="#cite_note-Eurogamer:_Eidos_complete-56">[56]</a><a href="#cite_note-Embracer:_December_2022_shares-57">[57]</a> Square Enix Montréal was briefly rebranded as Onoma but closed in November 2022 in a <a href="/wiki/Cost_reduction" title="Cost reduction">cost reduction</a> measure.<a href="#cite_note-Bloomberg:_Onoma_closed-58">[58]</a><a href="#cite_note-GIbiz:_Onoma_closed-59">[59]</a> Additionally, Embracer Group created the Embracer Group Archive <a href="/wiki/Video_game_preservation" title="Video game preservation">video game preservation</a> effort in May and established its eleventh operative group, Freemode, from C77 Entertainment, Game Outlet Europe, Grimfrost, Quantic Lab, and the newly purchased Bitwave Games, Clear River Games, Gioteck, and Tatsujin.<a href="#cite_note-PC_Gamer:_Archive-60">[60]</a><a href="#cite_note-Embracer:_Freemode-61">[61]</a> The latter was subsequently expanded with the acquisitions of <a href="/wiki/Limited_Run_Games" title="Limited Run Games">Limited Run Games</a>, Singtrix, and <a href="/wiki/Middle-earth_Enterprises" title="Middle-earth Enterprises">Middle-earth Enterprises</a>, which owns the media rights for <a href="/wiki/The_Lord_of_the_Rings" title="The Lord of the Rings">The Lord of the Rings</a> and <a href="/wiki/The_Hobbit" title="The Hobbit">The Hobbit</a>.<a href="#cite_note-PC_Gamer:_Freemode-62">[62]</a><a href="#cite_note-Windows_Central:_Freemode-63">[63]</a> <div class="mw-heading mw-heading3"><h3 id="Debt_and_restructuring_(2022–present)">Debt and restructuring (2022–present)</h3>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=6" title="Edit section: Debt and restructuring (2022–present)">edit</a>]</div> Savvy Gaming Group (later <a href="/wiki/Savvy_Games_Group" title="Savvy Games Group">Savvy Games Group</a>), a company wholly owned by Saudi Arabia's <a href="/wiki/Public_Investment_Fund" title="Public Investment Fund">Public Investment Fund</a>, invested about $1 billion into Embracer Group in June 2022, gaining an 8.1% stake.<a href="#cite_note-GIbiz:_Saudi_Arabia_investment-64">[64]</a> Embracer Group transitioned from Nasdaq First North to <a href="/wiki/Nasdaq_Stockholm" title="Nasdaq Stockholm">Nasdaq Stockholm</a> on 22 December 2022.<a href="#cite_note-GIbiz:_Nasdaq_Stockholm-65">[65]</a> In May 2023, the company announced that a $2 billion investment deal, which had been verbally agreed on in October 2022, had unexpectedly failed to materialise as the investing partner walked away from the deal after protracted negotiations. Shortly following the announcement, the company's shares fell by 40%.<a href="#cite_note-Axios:_Failed_deal-66">[66]</a> According to <a href="/wiki/Axios_(website)" title="Axios (website)">Axios</a>, this partner was Savvy Games Group.<a href="#cite_note-Axios:_Saudi_Arabia_report-67">[67]</a> Embracer Group consequently announced in June 2023 that it would immediately begin implementing a large-scale restructuring programme focused on cost reduction, comprising layoffs, studio closures and divestments, and project cancellations until March 2024.<a href="#cite_note-Embracer:_Restructuring-68">[68]</a> The company closed the THQ Nordic studio Campfire Cabal in June and the Gearbox studios <a href="/wiki/Volition_(company)" title="Volition (company)">Volition</a> in August and <a href="/wiki/Free_Radical_Design" title="Free Radical Design">Free Radical Design</a> in December.<a href="#cite_note-IGN:_Campfire_Cabal_closed-69">[69]</a><a href="#cite_note-VGC:_Volition_closed-70">[70]</a><a href="#cite_note-Eurogamer:_Free_Radical_Games_closed-71">[71]</a> Other studios were subject to layoffs.<a href="#cite_note-PC_Gamer:_Beamdog_layoffs-72">[72]</a><a href="#cite_note-Eurogamer:_Crystal_Dynamics_layoffs-73">[73]</a> By November 2023, Embracer Group had laid off 904 employees, roughly 5% of its workforce, and cancelled at least fifteen projects. As such, the company had reduced its debt from $2 billion to $1.5 billion, though warned that further layoffs and studio closures were likely.<a href="#cite_note-VGC:_15_projects_cancelled-74">[74]</a> In February 2024, it was reported that Embracer Group was finalising the sales of Saber Interactive and Gearbox Entertainment.<a href="#cite_note-Bloomberg:_Saber_sale_report-75">[75]</a><a href="#cite_note-Kotaku:_Gearbox_sale_report-76">[76]</a> The sale of Saber Interactive was announced in March 2024. Beacon Interactive, a company owned by Saber Interactive's co-founder Matthew Karch, bought Saber Interactive for $247 million alongside its satellite studios and the subsidiaries 3D Realms, Bytex, <a href="/wiki/Digic_Pictures" title="Digic Pictures">Digic Pictures</a>, Fractured Byte, <a href="/wiki/Mad_Head_Games" title="Mad Head Games">Mad Head Games</a>, New World Interactive, Nimble Giant Entertainment, Sandbox Strategies, Slipgate Ironworks, SmartPhone Labs, and Stuntworks. 34BigThings, 4A Games, Aspyr, <a href="/wiki/Beamdog" title="Beamdog">Beamdog</a>, Demiurge Studios, Shiver Entertainment, Snapshot Games, <a href="/wiki/Tripwire_Interactive" title="Tripwire Interactive">Tripwire Interactive</a>, <a href="/wiki/Tuxedo_Labs" class="mw-redirect" title="Tuxedo Labs">Tuxedo Labs</a>, and Zen Studios remained with Embracer Group, to be integrated with other operative groups, although Beacon Interactive received an option to acquire 4A Games and Zen Studios in the future, but this option was cancelled on September 13, 2024.<a href="#cite_note-VGC:_Saber_sale-77">[77]</a><a href="#cite_note-Gematsu:_Saber_sale-78">[78]</a> The divestiture also comprised 2,950 employees (21% of Embracer Group's workforce), including all staff in Russia.<a href="#cite_note-Embracer:_Saber_sale-79">[79]</a> According to <a href="/wiki/Jason_Schreier" title="Jason Schreier">Jason Schreier</a> of <a href="/wiki/Bloomberg_News" title="Bloomberg News">Bloomberg News</a>, Beacon Interactive plans to exercise its option for a combined purchase price of $500 million.<a href="#cite_note-VGC:_Saber_sale-77">[77]</a><a href="#cite_note-Gematsu:_Saber_sale-78">[78]</a> In March 2024, <a href="/wiki/Take-Two_Interactive" title="Take-Two Interactive">Take-Two Interactive</a> acquired Gearbox Entertainment, which was moved under the <a href="/wiki/2K_(company)" title="2K (company)">2K</a> label. After the sale closed, Gearbox Entertainment retained Gearbox Software, Gearbox Publishing, Gearbox Studio Montreal, Gearbox Studio Quebec, Gearbox Properties and the <a href="/wiki/Borderlands_(series)" title="Borderlands (series)">Borderlands</a>, <a href="/wiki/Homeworld_(series)" title="Homeworld (series)">Homeworld</a>, <a href="/wiki/Risk_of_Rain" title="Risk of Rain">Risk of Rain</a>, <a href="/wiki/Brothers_in_Arms_(video_game_series)" title="Brothers in Arms (video game series)">Brothers in Arms</a> and <a href="/wiki/Duke_Nukem" title="Duke Nukem">Duke Nukem</a> franchises, while Embracer Group retained Gearbox Publishing San Francisco (including Gearbox Shanghai), which was renamed Arc Games; <a href="/wiki/Cryptic_Studios" title="Cryptic Studios">Cryptic Studios</a>; Lost Boys Interactive; and Captured Dimensions alongside several titles. Retained companies were integrated into other parts of Embracer Group.<a href="#cite_note-80">[80]</a> With the sale of Gearbox, Embracer CEO Lars Wingefors stated that the company restructuring was complete, and had no short term plans to restart mergers or acquisitions, instead focusing on "simply making better products and games" to improve cash flow.<a href="#cite_note-81">[81]</a> From June 2023 to May 2024, the structuring had led to the loss of 4532 employees, the closure of 44 studios, and cancellation of 80 in-development projects,<a href="#cite_note-82">[82]</a> including new DeusEx,<a href="#cite_note-83">[83]</a> TimeSplitters<a href="#cite_note-84">[84]</a> and Red Faction games.<a href="#cite_note-85">[85]</a> Despite these steps, the company still faced $1.5 billion in debt.<a href="#cite_note-86">[86]</a> In April 2024, Embracer Group announced that it would split up into three separate publicly-traded companies on the Swedish stock market within the next two years. The "Middle-earth Enterprises & Friends", a placeholder name and the legal successor to Embracer Group, will be used for triple-A game development and publishing for its major IP properties, and will include Crystal Dynamics, Dambuster, Eidos Montreal, Flying Wild Hog, Tripwire, Vertigo Games, Warhorse Studios and 4A Games, as well as publishers Plaion, Dark Horse Comics, and Freemode. The Asmodee Group will be the publisher of board and card games from Asmodee and its studios. "Coffee Stain & Friends", a placeholder name, will include the indie game publishers and studios, including Coffee Stain, THQ Nordic, Ghost Ship, Tuxedo Labs, Tarsier, and Amplifier Game Invest. The latter two companies are expected to be split off within 2025. Wingefors will own all three companies and remain as the group CEO once the splits are complete.<a href="#cite_note-87">[87]</a><a href="#cite_note-88">[88]</a><a href="#cite_note-89">[89]</a> In May 2024, <a href="/wiki/Nintendo" title="Nintendo">Nintendo</a> announced their acquisition of Shiver Entertainment from Embracer, subject to closing conditions.<a href="#cite_note-90">[90]</a><a href="#cite_note-91">[91]</a> In June 2024, Embracer closed <a href="/wiki/Alone_in_the_Dark_(2024_video_game)" title="Alone in the Dark (2024 video game)">Alone in the Dark (2024)</a> developer Pieces Interactive following the game's disappointing performance.<a href="#cite_note-92">[92]</a> In July, it was reported that Piranha Bytes was quietly shuttered at the end of June.<a href="#cite_note-93">[93]</a> In November 2024, Embracer said that they had reduced their number of employees from 15,701 to 10,450.<a href="#cite_note-94">[94]</a> That same month, they announced that they would divest Easybrain to <a href="/wiki/Miniclip" title="Miniclip">Miniclip</a> for a consideration of $1.2 billion, with the transaction expected to close in early 2025.<a href="#cite_note-95">[95]</a> <div class="mw-heading mw-heading2"><h2 id="Subsidiaries">Subsidiaries</h2>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=7" title="Edit section: Subsidiaries">edit</a>]</div> <style data-mw-deduplicate="TemplateStyles:r1251242444">.mw-parser-output .ambox{border:1px solid #a2a9b1;border-left:10px solid #36c;background-color:#fbfbfb;box-sizing:border-box}.mw-parser-output .ambox+link+.ambox,.mw-parser-output .ambox+link+style+.ambox,.mw-parser-output .ambox+link+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+style+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+link+.ambox{margin-top:-1px}html body.mediawiki .mw-parser-output .ambox.mbox-small-left{margin:4px 1em 4px 0;overflow:hidden;width:238px;border-collapse:collapse;font-size:88%;line-height:1.25em}.mw-parser-output .ambox-speedy{border-left:10px solid #b32424;background-color:#fee7e6}.mw-parser-output .ambox-delete{border-left:10px solid #b32424}.mw-parser-output .ambox-content{border-left:10px solid #f28500}.mw-parser-output .ambox-style{border-left:10px solid #fc3}.mw-parser-output .ambox-move{border-left:10px solid #9932cc}.mw-parser-output .ambox-protection{border-left:10px solid #a2a9b1}.mw-parser-output .ambox .mbox-text{border:none;padding:0.25em 0.5em;width:100%}.mw-parser-output .ambox .mbox-image{border:none;padding:2px 0 2px 0.5em;text-align:center}.mw-parser-output .ambox .mbox-imageright{border:none;padding:2px 0.5em 2px 0;text-align:center}.mw-parser-output .ambox .mbox-empty-cell{border:none;padding:0;width:1px}.mw-parser-output .ambox .mbox-image-div{width:52px}@media(min-width:720px){.mw-parser-output .ambox{margin:0 10%}}@media print{body.ns-0 .mw-parser-output .ambox{display:none!important}}</style><table class="box-More_citations_needed plainlinks metadata ambox ambox-content ambox-Refimprove" role="presentation"><tbody><tr><td class="mbox-image"><div class="mbox-image-div"><a href="/wiki/File:Question_book-new.svg" class="mw-file-description"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/50px-Question_book-new.svg.png" decoding="async" width="50" height="39" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/75px-Question_book-new.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/100px-Question_book-new.svg.png 2x" data-file-width="512" data-file-height="399" /></a></div></td><td class="mbox-text"><div class="mbox-text-span">This section needs additional citations for <a href="/wiki/Wikipedia:Verifiability" title="Wikipedia:Verifiability">verification</a>. Please help <a href="/wiki/Special:EditPage/Embracer_Group" title="Special:EditPage/Embracer Group">improve this article</a> by <a href="/wiki/Help:Referencing_for_beginners" title="Help:Referencing for beginners">adding citations to reliable sources</a> in this section. Unsourced material may be challenged and removed. Find sources: <a rel="nofollow" class="external text" href="https://www.google.com/search?as_eq=wikipedia&q=%22Embracer+Group%22">"Embracer Group"</a> – <a rel="nofollow" class="external text" href="https://www.google.com/search?tbm=nws&q=%22Embracer+Group%22+-wikipedia&tbs=ar:1">news</a> · <a rel="nofollow" class="external text" href="https://www.google.com/search?&q=%22Embracer+Group%22&tbs=bkt:s&tbm=bks">newspapers</a> · <a rel="nofollow" class="external text" href="https://www.google.com/search?tbs=bks:1&q=%22Embracer+Group%22+-wikipedia">books</a> · <a rel="nofollow" class="external text" href="https://scholar.google.com/scholar?q=%22Embracer+Group%22">scholar</a> · <a rel="nofollow" class="external text" href="https://www.jstor.org/action/doBasicSearch?Query=%22Embracer+Group%22&acc=on&wc=on">JSTOR</a> (November 2024) (<a href="/wiki/Help:Maintenance_template_removal" title="Help:Maintenance template removal">Learn how and when to remove this message</a>)</div></td></tr></tbody></table> <style data-mw-deduplicate="TemplateStyles:r1236090951">.mw-parser-output .hatnote{font-style:italic}.mw-parser-output div.hatnote{padding-left:1.6em;margin-bottom:0.5em}.mw-parser-output .hatnote i{font-style:normal}.mw-parser-output .hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">See also: <a href="/wiki/List_of_mergers_and_acquisitions_by_Embracer_Group" title="List of mergers and acquisitions by Embracer Group">List of mergers and acquisitions by Embracer Group</a></div> As of June 2024, Embracer Group employs 12,000+ people across 106 studios in 10 operative groups.<a href="#cite_note-Embracer:_Interim_Report_Q3_2023-96">[96]</a> <style data-mw-deduplicate="TemplateStyles:r1184024115">.mw-parser-output .div-col{margin-top:0.3em;column-width:30em}.mw-parser-output .div-col-small{font-size:90%}.mw-parser-output .div-col-rules{column-rule:1px solid #aaa}.mw-parser-output .div-col dl,.mw-parser-output .div-col ol,.mw-parser-output .div-col ul{margin-top:0}.mw-parser-output .div-col li,.mw-parser-output .div-col dd{page-break-inside:avoid;break-inside:avoid-column}</style><div class="div-col" style="column-width: 30em;"> <ul><li><a href="/wiki/THQ_Nordic" title="THQ Nordic">THQ Nordic</a> <ul><li>Alkimia Interactive</li> <li>Appeal Studios</li> <li>Ashborne Games</li> <li><a href="/wiki/Black_Forest_Games" title="Black Forest Games">Black Forest Games</a></li> <li><a href="/wiki/Bugbear_Entertainment" title="Bugbear Entertainment">Bugbear Entertainment</a></li> <li>Experiment 101</li> <li>Gate21</li> <li>Grimlore Games</li> <li><a href="/wiki/Gunfire_Games" title="Gunfire Games">Gunfire Games</a></li> <li><a href="/wiki/HandyGames" title="HandyGames">HandyGames</a> <ul><li>Massive Miniteam</li></ul></li> <li>Kaiko</li> <li>Metricminds</li> <li>Mirage Game Studios</li> <li>Nine Rocks Games</li> <li><a href="/wiki/Purple_Lamp" title="Purple Lamp">Purple Lamp</a></li></ul></li> <li><a href="/wiki/Plaion" title="Plaion">Plaion</a> <ul><li><a href="/wiki/Deep_Silver" title="Deep Silver">Deep Silver</a> <ul><li><a href="/wiki/Dambuster_Studios" title="Dambuster Studios">Dambuster Studios</a></li> <li><a href="/wiki/Fishlabs" title="Fishlabs">Fishlabs</a></li></ul></li> <li>Development Plus</li> <li><a href="/wiki/DigixArt" title="DigixArt">DigixArt</a></li> <li><a href="/wiki/Flying_Wild_Hog" title="Flying Wild Hog">Flying Wild Hog</a> <ul><li>Flying Wild Hog Cracow</li> <li>Flying Wild Hog Rzeszów</li></ul></li> <li><a href="/wiki/Milestone_(Italian_company)" title="Milestone (Italian company)">Milestone</a></li> <li>Plaion Pictures <ul><li><a href="/wiki/Anime_Limited" title="Anime Limited">Anime Limited</a></li> <li>Sola Media</li> <li>Spotfilm Networx</li></ul></li> <li>Prime Matter</li> <li>Ravenscourt</li> <li>Splatter Connect</li> <li>Vertigo Games <ul><li>Vertigo Arcade</li> <li>Vertigo Publishing <ul><li>Vertigo Publishing Amsterdam</li></ul></li> <li>Vertigo Studios</li> <li>SpringboardVR</li></ul></li> <li>Voxler</li> <li><a href="/wiki/Warhorse_Studios" title="Warhorse Studios">Warhorse Studios</a></li></ul></li> <li>Coffee Stain <ul><li>Box Dragon</li> <li><a href="/wiki/Coffee_Stain_Studios" title="Coffee Stain Studios">Coffee Stain Studios</a> <ul><li>Coffee Stain Gothenburg</li> <li>Coffee Stain Malmö</li> <li>Coffee Stain North</li></ul></li> <li>Coffee Stain Publishing</li> <li>Easy Trigger Games</li> <li><a href="/wiki/Ghost_Ship_Games" title="Ghost Ship Games">Ghost Ship Games</a> <ul><li>Ghost Ship Publishing</li></ul></li> <li>Lavapotion</li></ul></li> <li>Amplifier Game Invest <ul><li>A Creative Endeavor</li> <li>DestinyBit</li> <li>Frame Break</li> <li>Green Tile Digital</li> <li>Infinite Mana Games</li> <li>Invisible Walls</li> <li>Misc Games</li> <li>Palindrome Interactive</li> <li>Rare Earth Games</li> <li>Studio Hermitage</li> <li><a href="/wiki/Tarsier_Studios" title="Tarsier Studios">Tarsier Studios</a></li> <li>Zapper Games</li></ul></li> <li><a href="/wiki/Deca_Games" title="Deca Games">Deca Games</a> <ul><li>A Thinking Ape Entertainment</li> <li>CrazyLabs <ul><li>Firescore Interactive</li></ul></li> <li><a href="/wiki/Cryptic_Studios" title="Cryptic Studios">Cryptic Studios</a></li> <li>IUGO Mobile Entertainment</li> <li>Jufeng Studio</li></ul></li> <li><a href="/wiki/Asmodee" title="Asmodee">Asmodee</a> <ul><li>Access+</li> <li>Aconyte</li> <li>Atomic Mass Games</li> <li>Bezzerwizzer Studio</li> <li>Catan Studio</li> <li><a href="/wiki/Days_of_Wonder" title="Days of Wonder">Days of Wonder</a></li> <li>Edge Entertainment</li> <li>Exploding Kittens</li> <li><a href="/wiki/Fantasy_Flight_Games" title="Fantasy Flight Games">Fantasy Flight Games</a></li> <li>Gamegenic</li> <li>Libellud</li> <li><a href="/wiki/Lookout_Games" title="Lookout Games">Lookout Games</a></li> <li>Mixlore</li> <li>Plan B Games</li> <li><a href="/wiki/Plaid_Hat_Games" title="Plaid Hat Games">Plaid Hat Games</a></li> <li>Rebel Studio</li> <li>Repos Production</li> <li>Space Cow</li> <li>Space Cowboys</li> <li>The Green Board Game Co.</li> <li>Twin Sails Interactive</li> <li>Unexpected Games</li> <li>VR Group</li> <li><a href="/wiki/Z-Man_Games" title="Z-Man Games">Z-Man Games</a></li> <li>Zygomatic Games</li></ul></li> <li>Dark Horse Media <ul><li><a href="/wiki/Dark_Horse_Comics" title="Dark Horse Comics">Dark Horse Comics</a></li> <li><a href="/wiki/Dark_Horse_Entertainment" title="Dark Horse Entertainment">Dark Horse Entertainment</a></li> <li><a href="/wiki/Things_from_Another_World" class="mw-redirect" title="Things from Another World">Things from Another World</a></li></ul></li> <li>Freemode <ul><li>Bitwave Games</li> <li>Clear River Games</li> <li>Game Outlet Europe</li> <li>Gioteck</li> <li>Grimfrost</li> <li><a href="/wiki/Limited_Run_Games" title="Limited Run Games">Limited Run Games</a></li> <li><a href="/wiki/Middle-earth_Enterprises" title="Middle-earth Enterprises">Middle-earth Enterprises</a></li> <li>Quantic Lab</li> <li>Singtrix</li> <li>Tatsujin</li></ul></li> <li>CDE Entertainment <ul><li><a href="/wiki/Crystal_Dynamics" title="Crystal Dynamics">Crystal Dynamics</a> <ul><li>Crystal Northwest</li> <li>Crystal Southwest</li></ul></li> <li><a href="/wiki/Eidos-Montr%C3%A9al" title="Eidos-Montréal">Eidos-Montréal</a></li></ul></li> <li>Other studios <ul><li>34BigThings</li> <li><a href="/wiki/4A_Games" title="4A Games">4A Games</a></li> <li><a href="/wiki/Arc_Games" title="Arc Games">Arc Games</a></li> <li><a href="/wiki/Aspyr" title="Aspyr">Aspyr</a> <ul><li><a href="/wiki/Beamdog" title="Beamdog">Beamdog</a></li></ul></li> <li>Captured Dimensions</li> <li><a href="/wiki/Demiurge_Studios" title="Demiurge Studios">Demiurge Studios</a></li> <li>Lost Boys Interactive</li> <li><a href="/wiki/Snapshot_Games" title="Snapshot Games">Snapshot Games</a></li> <li><a href="/wiki/Tripwire_Interactive" title="Tripwire Interactive">Tripwire Interactive</a></li> <li><a href="/wiki/Tuxedo_Labs" class="mw-redirect" title="Tuxedo Labs">Tuxedo Labs</a></li> <li><a href="/wiki/Zen_Studios" title="Zen Studios">Zen Studios</a></li></ul></li></ul> </div> <div class="mw-heading mw-heading3"><h3 id="Divested_subsidiaries">Divested subsidiaries</h3>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=8" title="Edit section: Divested subsidiaries">edit</a>]</div> <ul><li>Foxglove Studios (founded by THQ Nordic in 2016, divested in 2019)</li> <li>Vermila Studios (acquired by Amplifer Game Invest in August 2020, divested in 2023)</li> <li>Goose Byte (founded by Amplifier Game Invest in December 2021, divested in August 2023)</li> <li>Fall Damage (acquired by Amplifer Game Invest in 2019, sold to Fragbite Group in October 2023)</li> <li>River End Games (founded by Amplifier Game Invest in January 2020, divested in November 2023)</li> <li><a href="/wiki/Saber_Interactive" title="Saber Interactive">Saber Interactive</a> (acquired in February 2020, divested in March 2024) <ul><li>Saber Armenia</li> <li>Saber Belarus</li> <li>Saber London</li> <li>Saber Madrid</li> <li><a href="/wiki/Saber_Porto" title="Saber Porto">Saber Porto</a></li> <li>Saber St. Petersburg</li> <li>Saber Sweden</li> <li><a href="/wiki/3D_Realms" title="3D Realms">3D Realms</a></li> <li>Bytex</li> <li><a href="/wiki/Digic_Pictures" title="Digic Pictures">Digic Pictures</a></li> <li>Fractured Byte</li> <li><a href="/wiki/Mad_Head_Games" title="Mad Head Games">Mad Head Games</a></li> <li><a href="/wiki/New_World_Interactive" title="New World Interactive">New World Interactive</a></li> <li><a href="/wiki/Nimble_Giant_Entertainment" title="Nimble Giant Entertainment">Nimble Giant Entertainment</a></li> <li>Sandbox Strategies</li> <li>SmartPhone Labs</li> <li><a href="/wiki/Slipgate_Ironworks" title="Slipgate Ironworks">Slipgate Ironworks</a></li> <li>Stuntworks</li></ul></li> <li><a href="/wiki/Rainbow_Studios" title="Rainbow Studios">Rainbow Studios</a> (reestablished by THQ Nordic in January 2013, divested in March 2024)</li> <li>Shiver Entertainment (acquired by Saber Interactive in December 2021, sold to <a href="/wiki/Nintendo" title="Nintendo">Nintendo</a> in May 2024)</li> <li>Silent Games (acquired by Amplifer Game Invest in November 2020, divested in May 2024)</li> <li>C77 Entertainment (founded by Amplifier Game Invest in January 2020, divested in May 2024)</li> <li><a href="/wiki/Gearbox_Software" title="Gearbox Software">Gearbox Entertainment</a> (acquired in 2021, sold to <a href="/wiki/Take-Two_Interactive" title="Take-Two Interactive">Take-Two Interactive</a> in June 2024) <ul><li>Gearbox Software</li> <li>Gearbox Studio Montréal</li> <li>Gearbox Studio Québec</li> <li>Gearbox Studios</li> <li>Gearbox Properties</li></ul></li> <li>Easybrain (acquired in February 2021, sold to <a href="/wiki/Miniclip" title="Miniclip">Miniclip</a> in November 2024)</li></ul> <div class="mw-heading mw-heading3"><h3 id="Closed_subsidiaries">Closed subsidiaries</h3>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=9" title="Edit section: Closed subsidiaries">edit</a>]</div> <ul><li><a href="/wiki/Square_Enix_Montr%C3%A9al" class="mw-redirect" title="Square Enix Montréal">Square Enix Montréal</a> (acquired by CDE Entertainment in August 2022, closed in November 2022)</li> <li>Plucky Bytes (founded by Amplifier Game Invest in November 2020, closed in 2023)</li> <li>Campfire Cabal (founded by THQ Nordic in September 2022, closed in August 2023)</li> <li><a href="/wiki/Volition_(company)" title="Volition (company)">Volition</a> (acquired by Deep Silver in January 2013, closed in August 2023)</li> <li><a href="/wiki/Free_Radical_Design" title="Free Radical Design">Free Radical Design</a> (reestablished by Deep Silver in May 2021, closed in December 2023)</li> <li>Pieces Interactive (acquired by THQ Nordic in 2017, closed in June 2024)</li> <li><a href="/wiki/Piranha_Bytes" title="Piranha Bytes">Piranha Bytes</a> (acquired by THQ Nordic in 2019, closed in June 2024)</li> <li>Pow Wow Entertainment (acquired by THQ Nordic in August 2020, closed in June 2024)</li> <li>Eidos-Sherbrooke (acquired by CDE Entertainment in August 2022, closed in June 2024)</li> <li>Pearl Games (acquired by Asmodee in January 2015, closed in June 2024)</li></ul> <div class="mw-heading mw-heading3"><h3 id="Merged_subsidiaries">Merged subsidiaries</h3>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=10" title="Edit section: Merged subsidiaries">edit</a>]</div> <ul><li>Gaya Entertainment (merged into Plaion)</li> <li>KSM Film (merged into Plaion Pictures)</li> <li>Spotfilm Networx (merged into Plaion Pictures)</li> <li>18Point2 (merged into Plaion)</li> <li>Jufeng Studio (merged into Deca Games)</li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=11" title="Edit section: References">edit</a>]</div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-Embracer:_Board_and_Management-1">^ <a href="#cite_ref-Embracer:_Board_and_Management_1-0">a</a> <a href="#cite_ref-Embracer:_Board_and_Management_1-1">b</a> <style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://embracer.com/governance/board-management/">"Board & Management"</a>. Embracer Group. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190920134607/https://embracer.com/governance/board-management/">Archived</a> from the original on 20 September 2019. Retrieved 17 September 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Board+%26+Management&rft.pub=Embracer+Group&rft_id=https%3A%2F%2Fembracer.com%2Fgovernance%2Fboard-management%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Senior_Executives-2">^ <a href="#cite_ref-Embracer:_Senior_Executives_2-0">a</a> <a href="#cite_ref-Embracer:_Senior_Executives_2-1">b</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://embracer.com/governance/senior-executives/">"Senior executives"</a>. Embracer Group. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240926171552/https://embracer.com/governance/senior-executives/">Archived</a> from the original on 26 September 2024. Retrieved 25 November 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Senior+executives&rft.pub=Embracer+Group&rft_id=https%3A%2F%2Fembracer.com%2Fgovernance%2Fsenior-executives%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Annual_Report_2023-3">^ <a href="#cite_ref-Embracer:_Annual_Report_2023_3-0">a</a> <a href="#cite_ref-Embracer:_Annual_Report_2023_3-1">b</a> <a href="#cite_ref-Embracer:_Annual_Report_2023_3-2">c</a> <a href="#cite_ref-Embracer:_Annual_Report_2023_3-3">d</a> <a href="#cite_ref-Embracer:_Annual_Report_2023_3-4">e</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://embracer.com/wp-content/uploads/2023/06/Embracer-Group-publishes-Annual-Report-202223-230621.pdf">"Embracer Group AB 2023 Annual Report & Sustainbility Report"</a> (PDF). Embracer Group. 21 June 2022. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230630013132/https://embracer.com/wp-content/uploads/2023/06/Embracer-Group-publishes-Annual-Report-202223-230621.pdf">Archived</a> (PDF) from the original on 30 June 2023. Retrieved 16 July 2023.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Embracer+Group+AB+2023+Annual+Report+%26+Sustainbility+Report&rft.pub=Embracer+Group&rft.date=2022-06-21&rft_id=https%3A%2F%2Fembracer.com%2Fwp-content%2Fuploads%2F2023%2F06%2FEmbracer-Group-publishes-Annual-Report-202223-230621.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Prospectus-4">^ <a href="#cite_ref-Embracer:_Prospectus_4-0">a</a> <a href="#cite_ref-Embracer:_Prospectus_4-1">b</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://embracer.com/wp-content/uploads/2022/12/Embracer-Group-AB-publ-Prospectus-19-December-2022-3.pdf">"Prospectus for Admission to Trading of Class B Shares in Embracer Group AB (publ) on Nasdaq Stockholm"</a> (PDF). Embracer Group. 19 December 2022. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221230162516/https://embracer.com/wp-content/uploads/2022/12/Embracer-Group-AB-publ-Prospectus-19-December-2022-3.pdf">Archived</a> (PDF) from the original on 30 December 2022. Retrieved 30 December 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Prospectus+for+Admission+to+Trading+of+Class+B+Shares+in+Embracer+Group+AB+%28publ%29+on+Nasdaq+Stockholm&rft.pub=Embracer+Group&rft.date=2022-12-19&rft_id=https%3A%2F%2Fembracer.com%2Fwp-content%2Fuploads%2F2022%2F12%2FEmbracer-Group-AB-publ-Prospectus-19-December-2022-3.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-5"><a href="#cite_ref-5">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMarketScreener2024" class="citation web cs1">MarketScreener (22 April 2024). <a rel="nofollow" class="external text" href="https://www.marketscreener.com/quote/stock/EMBRACER-GROUP-AB-61747448/news/Invitation-to-presentation-of-Embracer-Group-s-intention-to-transform-into-three-standalone-publicly-46488261/">"Invitation to presentation of Embracer Group's intention to transform into three standalone publicly listed entities at Nasdaq Stockholm - MarketScreener"</a>. www.marketscreener.com. Retrieved 22 April 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.marketscreener.com&rft.atitle=Invitation+to+presentation+of+Embracer+Group%27s+intention+to+transform+into+three+standalone+publicly+listed+entities+at+Nasdaq+Stockholm+-+MarketScreener&rft.date=2024-04-22&rft.au=MarketScreener&rft_id=https%3A%2F%2Fwww.marketscreener.com%2Fquote%2Fstock%2FEMBRACER-GROUP-AB-61747448%2Fnews%2FInvitation-to-presentation-of-Embracer-Group-s-intention-to-transform-into-three-standalone-publicly-46488261%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Entreprenör:_Wingefors-6">^ <a href="#cite_ref-Entreprenör:_Wingefors_6-0">a</a> <a href="#cite_ref-Entreprenör:_Wingefors_6-1">b</a> <a href="#cite_ref-Entreprenör:_Wingefors_6-2">c</a> <a href="#cite_ref-Entreprenör:_Wingefors_6-3">d</a> <a href="#cite_ref-Entreprenör:_Wingefors_6-4">e</a> <a href="#cite_ref-Entreprenör:_Wingefors_6-5">f</a> <a href="#cite_ref-Entreprenör:_Wingefors_6-6">g</a> <a href="#cite_ref-Entreprenör:_Wingefors_6-7">h</a> <a href="#cite_ref-Entreprenör:_Wingefors_6-8">i</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMellwing2011" class="citation web cs1 cs1-prop-foreign-lang-source">Mellwing, Daniel (1 March 2011). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190501090358/https://www.entreprenor.se/entreprenorer/han-ar-superentreprenoren-fran-karlstad_500484.html">"Han är superentreprenören från Karlstad"</a> [He is the super-entrepreneur from Karlstad]. Entreprenör (in Swedish). Archived from <a rel="nofollow" class="external text" href="https://www.entreprenor.se/entreprenorer/han-ar-superentreprenoren-fran-karlstad_500484.html">the original</a> on 1 May 2019. Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Entrepren%C3%B6r&rft.atitle=Han+%C3%A4r+superentrepren%C3%B6ren+fr%C3%A5n+Karlstad&rft.date=2011-03-01&rft.aulast=Mellwing&rft.aufirst=Daniel&rft_id=https%3A%2F%2Fwww.entreprenor.se%2Fentreprenorer%2Fhan-ar-superentreprenoren-fran-karlstad_500484.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Swedish_Enterprise:_Wingefors-7">^ <a href="#cite_ref-Swedish_Enterprise:_Wingefors_7-0">a</a> <a href="#cite_ref-Swedish_Enterprise:_Wingefors_7-1">b</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1 cs1-prop-foreign-lang-source"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20200109170658/https://www.svensktnaringsliv.se/regioner/varmland/dansk-arbetsratt-ett-foredome_558890.html">"Dansk arbetsrätt ett föredöme"</a> [Danish labor law an example]. <a href="/wiki/Confederation_of_Swedish_Enterprise" title="Confederation of Swedish Enterprise">Confederation of Swedish Enterprise</a> (in Swedish). 9 August 2011. Archived from <a rel="nofollow" class="external text" href="https://www.svensktnaringsliv.se/regioner/varmland/dansk-arbetsratt-ett-foredome_558890.html">the original</a> on 9 January 2020. 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Archived from <a rel="nofollow" class="external text" href="https://www.di.se/artiklar/2009/11/28/svensk-tar-sig-ton-i-spelvarlden/">the original</a> on 24 January 2020. 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Retrieved 8 October 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=The+Guardian&rft.atitle=Joining+the+dots+loses+its+appeal&rft.date=2000-04-04&rft.aulast=Atkinson&rft.aufirst=Mark&rft_id=https%3A%2F%2Fwww.theguardian.com%2Fbusiness%2F2000%2Fapr%2F04%2Fefinance.internet&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-NYTimes:_Gameplay.com-10"><a href="#cite_ref-NYTimes:_Gameplay.com_10-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFConnell2001" class="citation web cs1">Connell, James (16 May 2001). <a rel="nofollow" class="external text" href="https://www.nytimes.com/2001/05/16/business/worldbusiness/IHT-tech-briefgame-over.html">"Tech Brief:GAME OVER"</a>. <a href="/wiki/The_New_York_Times" title="The New York Times">The New York Times</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200114101136/https://www.nytimes.com/2001/05/16/business/worldbusiness/IHT-tech-briefgame-over.html">Archived</a> from the original on 14 January 2020. Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=The+New+York+Times&rft.atitle=Tech+Brief%3AGAME+OVER&rft.date=2001-05-16&rft.aulast=Connell&rft.aufirst=James&rft_id=https%3A%2F%2Fwww.nytimes.com%2F2001%2F05%2F16%2Fbusiness%2Fworldbusiness%2FIHT-tech-briefgame-over.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-The_Register:_Gameplay.com-11"><a href="#cite_ref-The_Register:_Gameplay.com_11-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRichardson2001" class="citation web cs1">Richardson, Tom (17 May 2001). <a rel="nofollow" class="external text" href="https://www.theregister.co.uk/2001/05/17/gameplay_division_sold/">"Gameplay division sold for £1"</a>. <a href="/wiki/The_Register" title="The Register">The Register</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20180719233459/https://www.theregister.co.uk/2001/05/17/gameplay_division_sold/">Archived</a> from the original on 19 July 2018. 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Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GameSpot&rft.atitle=Nordic+Games+Holding+acquires+JoWood+and+The+Adventure+Company&rft.date=2011-08-17&rft.aulast=Leo&rft.aufirst=Jon&rft_id=https%3A%2F%2Fwww.gamespot.com%2Farticles%2Fnordic-games-holding-acquires-jowood-and-the-adventure-company%2F1100-6329512%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Gamasutra:_JoWooD-16"><a href="#cite_ref-Gamasutra:_JoWooD_16-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFCifaldi2011" class="citation web cs1"><a href="/wiki/Frank_Cifaldi" title="Frank Cifaldi">Cifaldi, Frank</a> (16 August 2011). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20140513181513/http://www.gamasutra.com/view/news/126563/Nordic_Games_Saves_JoWood_From_Insolvency_With_Acquisition.php">"Nordic Games Saves JoWood From Insolvency With Acquisition"</a>. <a href="/wiki/Gamasutra" class="mw-redirect" title="Gamasutra">Gamasutra</a>. Archived from <a rel="nofollow" class="external text" href="https://www.gamasutra.com/view/news/126563/Nordic_Games_Saves_JoWood_From_Insolvency_With_Acquisition.php">the original</a> on 13 May 2014. Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gamasutra&rft.atitle=Nordic+Games+Saves+JoWood+From+Insolvency+With+Acquisition&rft.date=2011-08-16&rft.aulast=Cifaldi&rft.aufirst=Frank&rft_id=https%3A%2F%2Fwww.gamasutra.com%2Fview%2Fnews%2F126563%2FNordic_Games_Saves_JoWood_From_Insolvency_With_Acquisition.php&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Noridc_Games_Group:_History-17"><a href="#cite_ref-Noridc_Games_Group:_History_17-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20160731025931/http://www.nordicgamesgroup.com/about">"Group History"</a>. Nordic Games Group. Archived from <a rel="nofollow" class="external text" href="http://www.nordicgamesgroup.com/about">the original</a> on 31 July 2016.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Group+History&rft.pub=Nordic+Games+Group&rft_id=http%3A%2F%2Fwww.nordicgamesgroup.com%2Fabout&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Polygon:_Who_is_Nordic_Games-18">^ <a href="#cite_ref-Polygon:_Who_is_Nordic_Games_18-0">a</a> <a href="#cite_ref-Polygon:_Who_is_Nordic_Games_18-1">b</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTach2013" class="citation web cs1">Tach, Dave (22 April 2013). <a rel="nofollow" class="external text" href="https://www.polygon.com/2013/4/22/4254224/nordic-games-thq-purchase">"Who is Nordic Games?"</a>. <a href="/wiki/Polygon_(website)" title="Polygon (website)">Polygon</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190123052709/https://www.polygon.com/2013/4/22/4254224/nordic-games-thq-purchase">Archived</a> from the original on 23 January 2019. 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Embracer Group. 7 June 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20211222112824/https://embracer.com/wp-content/uploads/2019/09/arsredovisning_2015-THQ_Nordic_AB-2.pdf">Archived</a> (PDF) from the original on 22 December 2021. 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Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Polygon&rft.atitle=THQ+Nordic+is+ready+to+prove+itself+after+a+big+name+change&rft.date=2016-08-16&rft.aulast=Frank&rft.aufirst=Allegra&rft_id=https%3A%2F%2Fwww.polygon.com%2F2016%2F8%2F16%2F12500550%2Fthq-nordic-nordic-games-thq-bankruptcy&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Interim_Report_2016-21"><a href="#cite_ref-Embracer:_Interim_Report_2016_21-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://embracer.com/wp-content/uploads/2016/10/582597.pdf">"THQ Nordic AB (publ) – Interim Report – 1 January—30 September 2016"</a> (PDF). 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Tech.eu. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20180620103655/http://tech.eu/brief/thq-nordic-ipo/">Archived</a> from the original on 20 June 2018. Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Tech.eu&rft.atitle=THQ+Nordic+valuation+grows+to+%E2%82%AC190+million+after+IPO+on+Nasdaq+First+North&rft.date=2016-11-23&rft.aulast=Samavati&rft.aufirst=Shaheen&rft_id=https%3A%2F%2Ftech.eu%2Fbrief%2Fthq-nordic-ipo%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GamesWirtschaft:_Koch_Media-23">^ <a href="#cite_ref-GamesWirtschaft:_Koch_Media_23-0">a</a> <a href="#cite_ref-GamesWirtschaft:_Koch_Media_23-1">b</a> <a href="#cite_ref-GamesWirtschaft:_Koch_Media_23-2">c</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFFröhlich2018" class="citation web cs1 cs1-prop-foreign-lang-source">Fröhlich, Petra (15 February 2018). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190202212421/https://www.gameswirtschaft.de/wirtschaft/thq-nordic-koch-media-analyse-februar-2018/">"Analyse: Was THQ Nordic mit Koch Media vor hat"</a> [Analysis: What THQ Nordic has in mind with Koch Media]. GamesWirtschaft (in German). Archived from <a rel="nofollow" class="external text" href="https://www.gameswirtschaft.de/wirtschaft/thq-nordic-koch-media-analyse-februar-2018/">the original</a> on 2 February 2019. Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesWirtschaft&rft.atitle=Analyse%3A+Was+THQ+Nordic+mit+Koch+Media+vor+hat&rft.date=2018-02-15&rft.aulast=Fr%C3%B6hlich&rft.aufirst=Petra&rft_id=https%3A%2F%2Fwww.gameswirtschaft.de%2Fwirtschaft%2Fthq-nordic-koch-media-analyse-februar-2018%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Gamasutra:_June_2018_capital-24"><a href="#cite_ref-Gamasutra:_June_2018_capital_24-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKidwell2018" class="citation web cs1">Kidwell, Emma (14 June 2018). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20180616034228/https://gamasutra.com/view/news/320017/THQ_Nordic_raises_168_million_for_future_acquisitions.php">"THQ Nordic raises $168 million for future acquisitions"</a>. <a href="/wiki/Gamasutra" class="mw-redirect" title="Gamasutra">Gamasutra</a>. Archived from <a rel="nofollow" class="external text" href="https://gamasutra.com/view/news/320017/THQ_Nordic_raises_168_million_for_future_acquisitions.php">the original</a> on 16 June 2018. Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gamasutra&rft.atitle=THQ+Nordic+raises+%24168+million+for+future+acquisitions&rft.date=2018-06-14&rft.aulast=Kidwell&rft.aufirst=Emma&rft_id=https%3A%2F%2Fgamasutra.com%2Fview%2Fnews%2F320017%2FTHQ_Nordic_raises_168_million_for_future_acquisitions.php&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Gematsu:_Coffee_Stain-25">^ <a href="#cite_ref-Gematsu:_Coffee_Stain_25-0">a</a> <a href="#cite_ref-Gematsu:_Coffee_Stain_25-1">b</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRomano2018" class="citation web cs1">Romano, Sal (14 November 2018). <a rel="nofollow" class="external text" href="https://gematsu.com/2018/11/thq-nordic-acquires-bugbear-entertainment-and-coffee-stain-studios">"THQ Nordic acquires Bugbear Entertainment and Coffee Stain Studios"</a>. Gematsu. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190502022511/https://gematsu.com/2018/11/thq-nordic-acquires-bugbear-entertainment-and-coffee-stain-studios">Archived</a> from the original on 2 May 2019. Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gematsu&rft.atitle=THQ+Nordic+acquires+Bugbear+Entertainment+and+Coffee+Stain+Studios&rft.date=2018-11-14&rft.aulast=Romano&rft.aufirst=Sal&rft_id=https%3A%2F%2Fgematsu.com%2F2018%2F11%2Fthq-nordic-acquires-bugbear-entertainment-and-coffee-stain-studios&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_713_percent-26"><a href="#cite_ref-GIbiz:_713_percent_26-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBatchelor2019" class="citation web cs1">Batchelor, James (13 February 2019). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2019-02-13-thq-nordic-net-sales-rose-713-percent-to-usd447-6m-in-2018">"THQ Nordic net sales rose 713% to $447.6m in 2018"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190213145840/https://www.gamesindustry.biz/articles/2019-02-13-thq-nordic-net-sales-rose-713-percent-to-usd447-6m-in-2018">Archived</a> from the original on 13 February 2019. Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=THQ+Nordic+net+sales+rose+713%25+to+%24447.6m+in+2018&rft.date=2019-02-13&rft.aulast=Batchelor&rft.aufirst=James&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2019-02-13-thq-nordic-net-sales-rose-713-percent-to-usd447-6m-in-2018&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_February_2019_capital-27"><a href="#cite_ref-GIbiz:_February_2019_capital_27-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBatchelor2019" class="citation web cs1">Batchelor, James (21 February 2019). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2019-02-21-thq-nordic-raises-usd225m-for-further-acquisitions">"THQ Nordic raises $225m for further acquisitions"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190222085843/https://www.gamesindustry.biz/articles/2019-02-21-thq-nordic-raises-usd225m-for-further-acquisitions">Archived</a> from the original on 22 February 2019. Retrieved 17 March 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=THQ+Nordic+raises+%24225m+for+further+acquisitions&rft.date=2019-02-21&rft.aulast=Batchelor&rft.aufirst=James&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2019-02-21-thq-nordic-raises-usd225m-for-further-acquisitions&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Interim_Report_2019-28"><a href="#cite_ref-Embracer:_Interim_Report_2019_28-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://embracer.com/wp-content/uploads/2019/08/1089677.pdf">"THQ Nordic AB (publ) Reg No.: 556582-6558 Interim Report 1 • 1 April – 30 June 2019"</a> (PDF). Embracer Group. 14 August 2019. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240314122625/https://embracer.com/wp-content/uploads/2019/08/1089677.pdf">Archived</a> (PDF) from the original on 14 March 2024. Retrieved 14 March 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=THQ+Nordic+AB+%28publ%29+Reg+No.%3A+556582-6558+Interim+Report+1+%26bull%3B%26%2332%3B1+April+%E2%80%93+30+June+2019&rft.pub=Embracer+Group&rft.date=2019-08-14&rft_id=https%3A%2F%2Fembracer.com%2Fwp-content%2Fuploads%2F2019%2F08%2F1089677.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_GKGI-29"><a href="#cite_ref-GIbiz:_GKGI_29-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFHandrahan2019" class="citation web cs1">Handrahan, Matthew (14 August 2019). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2019-08-14-thq-nordic-strengthens-portfolio-with-goodbye-kansas-game-invest-acquisition">"THQ Nordic strengthens portfolio with Goodbye Kansas Game Invest acquisition"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190814211643/https://www.gamesindustry.biz/articles/2019-08-14-thq-nordic-strengthens-portfolio-with-goodbye-kansas-game-invest-acquisition">Archived</a> from the original on 14 August 2019. Retrieved 14 August 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=THQ+Nordic+strengthens+portfolio+with+Goodbye+Kansas+Game+Invest+acquisition&rft.date=2019-08-14&rft.aulast=Handrahan&rft.aufirst=Matthew&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2019-08-14-thq-nordic-strengthens-portfolio-with-goodbye-kansas-game-invest-acquisition&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_GKGI-30"><a href="#cite_ref-Embracer:_GKGI_30-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20190928190025/https://embracer.com/wp-content/uploads/2019/09/Investor-presentation-THQ-Nordic-AB-acquires-Goodbye-Kansas-Game-Invest.pdf">"THQ Nordic AB (publ) acquires Goodbye Kansas Game Invest"</a> (PDF). Embracer Group. 14 August 2019. Archived from <a rel="nofollow" class="external text" href="https://embracer.com/wp-content/uploads/2019/09/Investor-presentation-THQ-Nordic-AB-acquires-Goodbye-Kansas-Game-Invest.pdf">the original</a> (PDF) on 28 September 2019. Retrieved 17 September 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=THQ+Nordic+AB+%28publ%29+acquires+Goodbye+Kansas+Game+Invest&rft.pub=Embracer+Group&rft.date=2019-08-14&rft_id=https%3A%2F%2Fembracer.com%2Fwp-content%2Fuploads%2F2019%2F09%2FInvestor-presentation-THQ-Nordic-AB-acquires-Goodbye-Kansas-Game-Invest.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_Amplifier_name-31"><a href="#cite_ref-GIbiz:_Amplifier_name_31-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTaylor2020" class="citation web cs1">Taylor, Ivy (15 January 2020). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2020-01-15-goodbye-kansas-game-invest-re-brands-as-amplifier-game-invest">"Goodbye Kansas Game Invest re-brands as Amplifier Game Invest"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200115174725/https://www.gamesindustry.biz/articles/2020-01-15-goodbye-kansas-game-invest-re-brands-as-amplifier-game-invest">Archived</a> from the original on 15 January 2020. Retrieved 15 January 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Goodbye+Kansas+Game+Invest+re-brands+as+Amplifier+Game+Invest&rft.date=2020-01-15&rft.aulast=Taylor&rft.aufirst=Ivy&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2020-01-15-goodbye-kansas-game-invest-re-brands-as-amplifier-game-invest&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Gematsu:_New_holding_name-32"><a href="#cite_ref-Gematsu:_New_holding_name_32-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRomano2019" class="citation web cs1">Romano, Sal (14 August 2019). <a rel="nofollow" class="external text" href="https://gematsu.com/2019/08/thq-nordic-to-change-parent-company-group-name-to-embracer-group">"THQ Nordic to change parent company group name to Embracer Group"</a>. Gematsu. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190814203120/https://gematsu.com/2019/08/thq-nordic-to-change-parent-company-group-name-to-embracer-group">Archived</a> from the original on 14 August 2019. Retrieved 14 August 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gematsu&rft.atitle=THQ+Nordic+to+change+parent+company+group+name+to+Embracer+Group&rft.date=2019-08-14&rft.aulast=Romano&rft.aufirst=Sal&rft_id=https%3A%2F%2Fgematsu.com%2F2019%2F08%2Fthq-nordic-to-change-parent-company-group-name-to-embracer-group&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Embracer_name-33"><a href="#cite_ref-Embracer:_Embracer_name_33-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20190922065620/https://embracer.com/wp-content/uploads/2019/09/Embracer_AGM-presentation_190917_webb.pdf">"THQ Nordic becomes Embracer Group"</a> (PDF). Embracer Group. 17 September 2019. Archived from <a rel="nofollow" class="external text" href="https://embracer.com/wp-content/uploads/2019/09/Embracer_AGM-presentation_190917_webb.pdf">the original</a> (PDF) on 22 September 2019. Retrieved 17 September 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=THQ+Nordic+becomes+Embracer+Group&rft.pub=Embracer+Group&rft.date=2019-09-17&rft_id=https%3A%2F%2Fembracer.com%2Fwp-content%2Fuploads%2F2019%2F09%2FEmbracer_AGM-presentation_190917_webb.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_Tarsier_Studios-34"><a href="#cite_ref-GIbiz:_Tarsier_Studios_34-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBatchelor2019" class="citation web cs1">Batchelor, James (20 December 2019). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2019-12-20-embracer-group-acquires-little-nightmares-dev-tarsier-studios-for-usd10-5m">"Embracer Group acquires Little Nightmares dev Tarsier Studios for $10.5m"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20191220122445/https://www.gamesindustry.biz/articles/2019-12-20-embracer-group-acquires-little-nightmares-dev-tarsier-studios-for-usd10-5m">Archived</a> from the original on 20 December 2019. Retrieved 21 December 2019.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+Group+acquires+Little+Nightmares+dev+Tarsier+Studios+for+%2410.5m&rft.date=2019-12-20&rft.aulast=Batchelor&rft.aufirst=James&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2019-12-20-embracer-group-acquires-little-nightmares-dev-tarsier-studios-for-usd10-5m&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_River_End_Games-35"><a href="#cite_ref-GIbiz:_River_End_Games_35-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBatchelor2020" class="citation web cs1">Batchelor, James (24 January 2020). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2020-01-24-amplifier-game-invest-opens-new-development-studio-in-sweden">"Amplifier Game Invest opened new development studio in Sweden"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200124170956/https://www.gamesindustry.biz/articles/2020-01-24-amplifier-game-invest-opens-new-development-studio-in-sweden">Archived</a> from the original on 24 January 2020. Retrieved 30 January 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Amplifier+Game+Invest+opened+new+development+studio+in+Sweden&rft.date=2020-01-24&rft.aulast=Batchelor&rft.aufirst=James&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2020-01-24-amplifier-game-invest-opens-new-development-studio-in-sweden&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_C77_Entertainment-36"><a href="#cite_ref-GIbiz:_C77_Entertainment_36-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTaylor2020" class="citation web cs1">Taylor, Ivy (30 January 2020). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2020-01-30-amplifier-game-invest-opens-seattle-studio">"Amplifier Game Invest opens Seattle studio"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200130120142/https://www.gamesindustry.biz/articles/2020-01-30-amplifier-game-invest-opens-seattle-studio">Archived</a> from the original on 30 January 2020. Retrieved 30 January 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Amplifier+Game+Invest+opens+Seattle+studio&rft.date=2020-01-30&rft.aulast=Taylor&rft.aufirst=Ivy&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2020-01-30-amplifier-game-invest-opens-seattle-studio&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_Saber-37"><a href="#cite_ref-GIbiz:_Saber_37-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTaylor2020" class="citation web cs1">Taylor, Ivy (19 February 2020). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2020-02-19-embracer-group-acquires-saber-interactive-in-usd525m-deal">"Embracer Group acquires Saber Interactive in $525m deal"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200219212201/https://www.gamesindustry.biz/articles/2020-02-19-embracer-group-acquires-saber-interactive-in-usd525m-deal">Archived</a> from the original on 19 February 2020. Retrieved 19 February 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+Group+acquires+Saber+Interactive+in+%24525m+deal&rft.date=2020-02-19&rft.aulast=Taylor&rft.aufirst=Ivy&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2020-02-19-embracer-group-acquires-saber-interactive-in-usd525m-deal&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_April_2020_capital-38"><a href="#cite_ref-GIbiz:_April_2020_capital_38-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTaylor2020" class="citation web cs1">Taylor, Ivy (8 April 2020). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2020-04-08-embracer-group-raises-usd160m-for-acquisition-and-expansion">"Embracer Group raises $164m for acquisition and expansion"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200411073819/https://www.gamesindustry.biz/articles/2020-04-08-embracer-group-raises-usd160m-for-acquisition-and-expansion">Archived</a> from the original on 11 April 2020. Retrieved 8 April 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+Group+raises+%24164m+for+acquisition+and+expansion&rft.date=2020-04-08&rft.aulast=Taylor&rft.aufirst=Ivy&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2020-04-08-embracer-group-raises-usd160m-for-acquisition-and-expansion&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Deca_Games-39"><a href="#cite_ref-Embracer:_Deca_Games_39-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://embracer.com/release/embracer-group-acquires-deca-games/">"Embracer Group Acquires Deca Games"</a> (Press release). Embracer Group. 13 August 2020. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200908000630/https://embracer.com/release/embracer-group-acquires-deca-games/">Archived</a> from the original on 8 September 2020. Retrieved 13 August 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Embracer+Group+Acquires+Deca+Games&rft.pub=Embracer+Group&rft.date=2020-08-13&rft_id=https%3A%2F%2Fembracer.com%2Frelease%2Fembracer-group-acquires-deca-games%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Gamasutra:_August_2020_acquisitions-40"><a href="#cite_ref-Gamasutra:_August_2020_acquisitions_40-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKerr2020" class="citation web cs1">Kerr, Chris (13 August 2020). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200815085909/https://gamasutra.com/view/news/368163/THQ_parent_company_Embracer_has_purchased_Metro_dev_4A_Games_and_others.php">"THQ parent company Embracer has purchased Metro dev 4A Games and others"</a>. <a href="/wiki/Gamasutra" class="mw-redirect" title="Gamasutra">Gamasutra</a>. Archived from <a rel="nofollow" class="external text" href="https://www.gamasutra.com/view/news/368163/THQ_parent_company_Embracer_has_purchased_Metro_dev_4A_Games_and_others.php">the original</a> on 15 August 2020. Retrieved 13 August 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gamasutra&rft.atitle=THQ+parent+company+Embracer+has+purchased+Metro+dev+4A+Games+and+others&rft.date=2020-08-13&rft.aulast=Kerr&rft.aufirst=Chris&rft_id=https%3A%2F%2Fwww.gamasutra.com%2Fview%2Fnews%2F368163%2FTHQ_parent_company_Embracer_has_purchased_Metro_dev_4A_Games_and_others.php&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Gematsu:_November_2020_acquisitions-41"><a href="#cite_ref-Gematsu:_November_2020_acquisitions_41-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRomano2020" class="citation web cs1">Romano, Sal (18 November 2020). <a rel="nofollow" class="external text" href="https://www.gematsu.com/2020/11/embracer-group-acquires-34bigthings-flying-wild-hog-nimble-giant-entertainment-purple-lamp-studios-snapshot-games-zen-studios-more">"Embracer Group acquires 34BigThings, Flying Wild Hog, Nimble Giant Entertainment, Purple Lamp Studios, Snapshot Games, Zen Studios, more"</a>. Gematsu. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20201118065235/https://www.gematsu.com/2020/11/embracer-group-acquires-34bigthings-flying-wild-hog-nimble-giant-entertainment-purple-lamp-studios-snapshot-games-zen-studios-more">Archived</a> from the original on 18 November 2020. Retrieved 18 November 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gematsu&rft.atitle=Embracer+Group+acquires+34BigThings%2C+Flying+Wild+Hog%2C+Nimble+Giant+Entertainment%2C+Purple+Lamp+Studios%2C+Snapshot+Games%2C+Zen+Studios%2C+more&rft.date=2020-11-18&rft.aulast=Romano&rft.aufirst=Sal&rft_id=https%3A%2F%2Fwww.gematsu.com%2F2020%2F11%2Fembracer-group-acquires-34bigthings-flying-wild-hog-nimble-giant-entertainment-purple-lamp-studios-snapshot-games-zen-studios-more&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-VentureBeat:_Acquisition_binge-42"><a href="#cite_ref-VentureBeat:_Acquisition_binge_42-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTakahashi2020" class="citation web cs1"><a href="/wiki/Dean_Takahashi" title="Dean Takahashi">Takahashi, Dean</a> (5 December 2020). <a rel="nofollow" class="external text" href="https://venturebeat.com/2020/12/05/why-thq-nordic-has-joined-the-game-studio-acquisition-binge/">"Why THQ Nordic has joined the game studio acquisition binge"</a>. <a href="/wiki/VentureBeat" title="VentureBeat">VentureBeat</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20201206113943/https://venturebeat.com/2020/12/05/why-thq-nordic-has-joined-the-game-studio-acquisition-binge/">Archived</a> from the original on 6 December 2020. Retrieved 6 December 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=VentureBeat&rft.atitle=Why+THQ+Nordic+has+joined+the+game+studio+acquisition+binge&rft.date=2020-12-05&rft.aulast=Takahashi&rft.aufirst=Dean&rft_id=https%3A%2F%2Fventurebeat.com%2F2020%2F12%2F05%2Fwhy-thq-nordic-has-joined-the-game-studio-acquisition-binge%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-VentureBeat:_Gearbox-43"><a href="#cite_ref-VentureBeat:_Gearbox_43-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTakahashi2021" class="citation web cs1"><a href="/wiki/Dean_Takahashi" title="Dean Takahashi">Takahashi, Dean</a> (2 February 2021). <a rel="nofollow" class="external text" href="https://venturebeat.com/2021/02/02/embracer-group-acquires-borderlands-maker-gearbox-entertainment-for-1-3-billion/">"Embracer Group acquires Borderlands maker Gearbox Entertainment for $1.3 billion"</a>. <a href="/wiki/VentureBeat" title="VentureBeat">VentureBeat</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210203212853/https://venturebeat.com/2021/02/02/embracer-group-acquires-borderlands-maker-gearbox-entertainment-for-1-3-billion/">Archived</a> from the original on 3 February 2021. Retrieved 2 February 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=VentureBeat&rft.atitle=Embracer+Group+acquires+Borderlands+maker+Gearbox+Entertainment+for+%241.3+billion&rft.date=2021-02-02&rft.aulast=Takahashi&rft.aufirst=Dean&rft_id=https%3A%2F%2Fventurebeat.com%2F2021%2F02%2F02%2Fembracer-group-acquires-borderlands-maker-gearbox-entertainment-for-1-3-billion%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-VentureBeat:_Easybrain-44"><a href="#cite_ref-VentureBeat:_Easybrain_44-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTakahashi2021" class="citation web cs1"><a href="/wiki/Dean_Takahashi" title="Dean Takahashi">Takahashi, Dean</a> (2 February 2021). <a rel="nofollow" class="external text" href="https://venturebeat.com/2021/02/02/embracer-group-acquires-mobile-game-maker-easybrain-for-640-million/">"Embracer Group acquires mobile game maker Easybrain for $640 million"</a>. <a href="/wiki/VentureBeat" title="VentureBeat">VentureBeat</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210203064103/https://venturebeat.com/2021/02/02/embracer-group-acquires-mobile-game-maker-easybrain-for-640-million/">Archived</a> from the original on 3 February 2021. Retrieved 2 February 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=VentureBeat&rft.atitle=Embracer+Group+acquires+mobile+game+maker+Easybrain+for+%24640+million&rft.date=2021-02-02&rft.aulast=Takahashi&rft.aufirst=Dean&rft_id=https%3A%2F%2Fventurebeat.com%2F2021%2F02%2F02%2Fembracer-group-acquires-mobile-game-maker-easybrain-for-640-million%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-VentureBeat:_Aspyr-45"><a href="#cite_ref-VentureBeat:_Aspyr_45-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTakahashi2021" class="citation web cs1"><a href="/wiki/Dean_Takahashi" title="Dean Takahashi">Takahashi, Dean</a> (2 February 2021). <a rel="nofollow" class="external text" href="https://venturebeat.com/2021/02/02/embracer-group-acquires-aspyr-media-for-up-to-450-million/">"Embracer Group acquires Aspyr Media for up to $450 million"</a>. <a href="/wiki/VentureBeat" title="VentureBeat">VentureBeat</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210203071452/https://venturebeat.com/2021/02/02/embracer-group-acquires-aspyr-media-for-up-to-450-million/">Archived</a> from the original on 3 February 2021. Retrieved 2 February 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=VentureBeat&rft.atitle=Embracer+Group+acquires+Aspyr+Media+for+up+to+%24450+million&rft.date=2021-02-02&rft.aulast=Takahashi&rft.aufirst=Dean&rft_id=https%3A%2F%2Fventurebeat.com%2F2021%2F02%2F02%2Fembracer-group-acquires-aspyr-media-for-up-to-450-million%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Gematsu:_Gearbox_complete-46"><a href="#cite_ref-Gematsu:_Gearbox_complete_46-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRomero2021" class="citation web cs1">Romero, Sal (6 April 2021). <a rel="nofollow" class="external text" href="https://www.gematsu.com/2021/04/embracer-group-completes-merger-with-the-gearbox-entertainment-company">"Embracer Group completes merger with The Gearbox Entertainment Company"</a>. Gematsu. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210406181409/https://www.gematsu.com/2021/04/embracer-group-completes-merger-with-the-gearbox-entertainment-company">Archived</a> from the original on 6 April 2021. Retrieved 6 April 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gematsu&rft.atitle=Embracer+Group+completes+merger+with+The+Gearbox+Entertainment+Company&rft.date=2021-04-06&rft.aulast=Romero&rft.aufirst=Sal&rft_id=https%3A%2F%2Fwww.gematsu.com%2F2021%2F04%2Fembracer-group-completes-merger-with-the-gearbox-entertainment-company&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_April_2021_capital-47"><a href="#cite_ref-GIbiz:_April_2021_capital_47-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBatchelor2021" class="citation web cs1">Batchelor, James (18 March 2021). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2021-03-18-embracer-group-raising-over-usd890m-for-even-more-acquisitions">"Embracer Group raising over $890m for even more acquisitions"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210318143641/https://www.gamesindustry.biz/articles/2021-03-18-embracer-group-raising-over-usd890m-for-even-more-acquisitions">Archived</a> from the original on 18 March 2021. Retrieved 18 March 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+Group+raising+over+%24890m+for+even+more+acquisitions&rft.date=2021-03-18&rft.aulast=Batchelor&rft.aufirst=James&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2021-03-18-embracer-group-raising-over-usd890m-for-even-more-acquisitions&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_May_2021_acquisitions-48"><a href="#cite_ref-Embracer:_May_2021_acquisitions_48-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://embracer.com/release/embracer-group-acquires-appeal-studios-kaiko-massive-miniteam-and-frame-break/">"Embracer Group acquires Appeal Studios, KAIKO, Massive Miniteam and FRAME BREAK"</a> (Press release). Embracer Group. 11 May 2021. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210512084736/https://embracer.com/release/embracer-group-acquires-appeal-studios-kaiko-massive-miniteam-and-frame-break/">Archived</a> from the original on 12 May 2021. Retrieved 12 May 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Embracer+Group+acquires+Appeal+Studios%2C+KAIKO%2C+Massive+Miniteam+and+FRAME+BREAK&rft.pub=Embracer+Group&rft.date=2021-05-11&rft_id=https%3A%2F%2Fembracer.com%2Frelease%2Fembracer-group-acquires-appeal-studios-kaiko-massive-miniteam-and-frame-break%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Gamasutra:_August_2021_acquisitions-49"><a href="#cite_ref-Gamasutra:_August_2021_acquisitions_49-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKerr2021" class="citation web cs1">Kerr, Chris (5 August 2021). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210805110246/http://www.gamasutra.com/view/news/386276/Embracer_buys_eight_studios_including_Ghost_Ship_Games_3D_Realms_and_Digixart.php">"Embracer buys eight studios including Ghost Ship Games, 3D Realms, and Digixart"</a>. <a href="/wiki/Gamasutra" class="mw-redirect" title="Gamasutra">Gamasutra</a>. Archived from <a rel="nofollow" class="external text" href="https://www.gamasutra.com/view/news/386276/Embracer_buys_eight_studios_including_Ghost_Ship_Games_3D_Realms_and_Digixart.php">the original</a> on 5 August 2021. Retrieved 5 August 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gamasutra&rft.atitle=Embracer+buys+eight+studios+including+Ghost+Ship+Games%2C+3D+Realms%2C+and+Digixart&rft.date=2021-08-05&rft.aulast=Kerr&rft.aufirst=Chris&rft_id=https%3A%2F%2Fwww.gamasutra.com%2Fview%2Fnews%2F386276%2FEmbracer_buys_eight_studios_including_Ghost_Ship_Games_3D_Realms_and_Digixart.php&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Gematsu:_August_2021_acquisitions-50"><a href="#cite_ref-Gematsu:_August_2021_acquisitions_50-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRomano2021" class="citation web cs1">Romano, Sal (18 August 2021). <a rel="nofollow" class="external text" href="https://www.gematsu.com/2021/08/embracer-group-acquires-demiurge-studios-fractured-byte-and-smartphone-labs">"Embracer Group acquires Demiurge Studios, Fractured Byte, and SmartPhone Labs"</a>. Gematsu. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210818075951/https://www.gematsu.com/2021/08/embracer-group-acquires-demiurge-studios-fractured-byte-and-smartphone-labs">Archived</a> from the original on 18 August 2021. Retrieved 18 August 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gematsu&rft.atitle=Embracer+Group+acquires+Demiurge+Studios%2C+Fractured+Byte%2C+and+SmartPhone+Labs&rft.date=2021-08-18&rft.aulast=Romano&rft.aufirst=Sal&rft_id=https%3A%2F%2Fwww.gematsu.com%2F2021%2F08%2Fembracer-group-acquires-demiurge-studios-fractured-byte-and-smartphone-labs&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_Asmodee-51"><a href="#cite_ref-GIbiz:_Asmodee_51-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRousseau2021" class="citation web cs1">Rousseau, Jeffrey (15 December 2021). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2021-12-15-embracer-purchases-asmodee-for-275bn">"Embracer purchases Asmodee for €2.75bn"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20211215190512/https://www.gamesindustry.biz/articles/2021-12-15-embracer-purchases-asmodee-for-275bn">Archived</a> from the original on 15 December 2021. Retrieved 15 December 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+purchases+Asmodee+for+%E2%82%AC2.75bn&rft.date=2021-12-15&rft.aulast=Rousseau&rft.aufirst=Jeffrey&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2021-12-15-embracer-purchases-asmodee-for-275bn&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_Dark_Horse-52"><a href="#cite_ref-GIbiz:_Dark_Horse_52-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFPartis2021" class="citation web cs1">Partis, Danielle (21 December 2021). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2021-12-21-embracer-acquires-dark-horse-shiver-entertainment-and-spotfilm-networx">"Embracer acquires Dark Horse, Shiver Entertainment and Spotfilm Networx"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20211221111156/https://www.gamesindustry.biz/articles/2021-12-21-embracer-acquires-dark-horse-shiver-entertainment-and-spotfilm-networx">Archived</a> from the original on 21 December 2021. Retrieved 21 December 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+acquires+Dark+Horse%2C+Shiver+Entertainment+and+Spotfilm+Networx&rft.date=2021-12-21&rft.aulast=Partis&rft.aufirst=Danielle&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2021-12-21-embracer-acquires-dark-horse-shiver-entertainment-and-spotfilm-networx&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_Perfect_World-53"><a href="#cite_ref-GIbiz:_Perfect_World_53-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBatchelor2021" class="citation web cs1">Batchelor, James (22 December 2021). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2021-12-22-embracer-group-acquires-perfect-world-entertainment-digic">"Embracer Group acquires Perfect World Entertainment, Digic"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20211222135028/https://www.gamesindustry.biz/articles/2021-12-22-embracer-group-acquires-perfect-world-entertainment-digic">Archived</a> from the original on 22 December 2021. Retrieved 22 December 2021.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+Group+acquires+Perfect+World+Entertainment%2C+Digic&rft.date=2021-12-22&rft.aulast=Batchelor&rft.aufirst=James&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2021-12-22-embracer-group-acquires-perfect-world-entertainment-digic&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-IGN:_Eidos-54"><a href="#cite_ref-IGN:_Eidos_54-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBankhurst2022" class="citation web cs1">Bankhurst, Adam (2 May 2022). <a rel="nofollow" class="external text" href="https://www.ign.com/articles/embracer-group-enters-agreement-to-acquire-eidos-crystal-dynamics-square-enix-montreal-and-more-tomb-raider-deus-ex">"Embracer Group Enters Agreement to Acquire Eidos, Crystal Dynamics, and Square Enix Montreal for $300 Million"</a>. <a href="/wiki/IGN" title="IGN">IGN</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220503103040/https://www.ign.com/articles/embracer-group-enters-agreement-to-acquire-eidos-crystal-dynamics-square-enix-montreal-and-more-tomb-raider-deus-ex">Archived</a> from the original on 3 May 2022. Retrieved 2 May 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=IGN&rft.atitle=Embracer+Group+Enters+Agreement+to+Acquire+Eidos%2C+Crystal+Dynamics%2C+and+Square+Enix+Montreal+for+%24300+Million&rft.date=2022-05-02&rft.aulast=Bankhurst&rft.aufirst=Adam&rft_id=https%3A%2F%2Fwww.ign.com%2Farticles%2Fembracer-group-enters-agreement-to-acquire-eidos-crystal-dynamics-square-enix-montreal-and-more-tomb-raider-deus-ex&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Eidos-55"><a href="#cite_ref-Embracer:_Eidos_55-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://embracer.com/release/embracer-group-enters-into-an-agreement-to-acquire-eidos-crystal-dynamics-and-square-enix-montreal-amongst-other-assets/">"Embracer Group enters into an agreement to acquire Eidos, Crystal Dynamics, and Square Enix Montréal amongst other assets"</a> (Press release). Embracer Group. 2 May 2022. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220502060827/https://embracer.com/release/embracer-group-enters-into-an-agreement-to-acquire-eidos-crystal-dynamics-and-square-enix-montreal-amongst-other-assets/">Archived</a> from the original on 2 May 2022. Retrieved 2 May 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Embracer+Group+enters+into+an+agreement+to+acquire+Eidos%2C+Crystal+Dynamics%2C+and+Square+Enix+Montr%C3%A9al+amongst+other+assets&rft.pub=Embracer+Group&rft.date=2022-05-02&rft_id=https%3A%2F%2Fembracer.com%2Frelease%2Fembracer-group-enters-into-an-agreement-to-acquire-eidos-crystal-dynamics-and-square-enix-montreal-amongst-other-assets%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Eurogamer:_Eidos_complete-56"><a href="#cite_ref-Eurogamer:_Eidos_complete_56-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFNightingale2022" class="citation web cs1">Nightingale, Ed (26 August 2022). <a rel="nofollow" class="external text" href="https://www.eurogamer.net/embracer-group-completes-acquisition-of-square-enixs-western-studios">"Embracer Group completes acquisition of Square Enix's western studios"</a>. <a href="/wiki/Eurogamer" title="Eurogamer">Eurogamer</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221123115319/https://www.eurogamer.net/embracer-group-completes-acquisition-of-square-enixs-western-studios">Archived</a> from the original on 23 November 2022. Retrieved 26 August 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Eurogamer&rft.atitle=Embracer+Group+completes+acquisition+of+Square+Enix%27s+western+studios&rft.date=2022-08-26&rft.aulast=Nightingale&rft.aufirst=Ed&rft_id=https%3A%2F%2Fwww.eurogamer.net%2Fembracer-group-completes-acquisition-of-square-enixs-western-studios&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_December_2022_shares-57"><a href="#cite_ref-Embracer:_December_2022_shares_57-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://embracer.com/wp-content/uploads/2022/12/Embracer-Group-AB-publ-Prospectus-19-December-2022.pdf">"Prospectus for admission to trading of Class B shares in Embracer Group AB (publ) on Nasdaq Stockholm"</a> (PDF). Embracer Group. 19 December 2022. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221219145300/https://embracer.com/wp-content/uploads/2022/12/Embracer-Group-AB-publ-Prospectus-19-December-2022.pdf">Archived</a> (PDF) from the original on 19 December 2022. Retrieved 19 December 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Prospectus+for+admission+to+trading+of+Class+B+shares+in+Embracer+Group+AB+%28publ%29+on+Nasdaq+Stockholm&rft.pub=Embracer+Group&rft.date=2022-12-19&rft_id=https%3A%2F%2Fembracer.com%2Fwp-content%2Fuploads%2F2022%2F12%2FEmbracer-Group-AB-publ-Prospectus-19-December-2022.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Bloomberg:_Onoma_closed-58"><a href="#cite_ref-Bloomberg:_Onoma_closed_58-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSchreier2022" class="citation web cs1"><a href="/wiki/Jason_Schreier" title="Jason Schreier">Schreier, Jason</a> (1 November 2022). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2022-11-01/embracer-group-shuts-down-montreal-video-game-studio">"Embracer Group Shuts Down Montreal Video Game Studio"</a>. <a href="/wiki/Bloomberg_News" title="Bloomberg News">Bloomberg News</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221101183615/https://www.bloomberg.com/news/articles/2022-11-01/embracer-group-shuts-down-montreal-video-game-studio">Archived</a> from the original on 1 November 2022. Retrieved 1 November 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Bloomberg+News&rft.atitle=Embracer+Group+Shuts+Down+Montreal+Video+Game+Studio&rft.date=2022-11-01&rft.aulast=Schreier&rft.aufirst=Jason&rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-11-01%2Fembracer-group-shuts-down-montreal-video-game-studio&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_Onoma_closed-59"><a href="#cite_ref-GIbiz:_Onoma_closed_59-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSinclair2022" class="citation web cs1">Sinclair, Brendan (1 November 2022). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/embracer-closing-former-square-enix-montreal-studio-and-qa-team">"Embracer closing former Square Enix Montreal studio and QA team"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221101183632/https://www.gamesindustry.biz/embracer-closing-former-square-enix-montreal-studio-and-qa-team">Archived</a> from the original on 1 November 2022. Retrieved 19 December 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+closing+former+Square+Enix+Montreal+studio+and+QA+team&rft.date=2022-11-01&rft.aulast=Sinclair&rft.aufirst=Brendan&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Fembracer-closing-former-square-enix-montreal-studio-and-qa-team&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-PC_Gamer:_Archive-60"><a href="#cite_ref-PC_Gamer:_Archive_60-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFLitchfield2022" class="citation web cs1">Litchfield, Ted (28 May 2022). <a rel="nofollow" class="external text" href="https://www.pcgamer.com/uk/the-embracer-group-is-now-collecting-historical-games-in-addition-to-developers/">"The Embracer Group is now collecting historical games in addition to developers"</a>. <a href="/wiki/PC_Gamer" title="PC Gamer">PC Gamer</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220529124915/https://www.pcgamer.com/uk/the-embracer-group-is-now-collecting-historical-games-in-addition-to-developers/">Archived</a> from the original on 29 May 2022. Retrieved 29 May 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=PC+Gamer&rft.atitle=The+Embracer+Group+is+now+collecting+historical+games+in+addition+to+developers&rft.date=2022-05-28&rft.aulast=Litchfield&rft.aufirst=Ted&rft_id=https%3A%2F%2Fwww.pcgamer.com%2Fuk%2Fthe-embracer-group-is-now-collecting-historical-games-in-addition-to-developers%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Freemode-61"><a href="#cite_ref-Embracer:_Freemode_61-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://embracer.com/releases/embracer-group-announces-the-11th-operating-group-embracer-freemode/">"Embracer Group Announces the 11[th] Operating Group: Embracer Freemode"</a> (Press release). Embracer Group. 18 August 2022. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20231130141333/https://embracer.com/releases/embracer-group-announces-the-11th-operating-group-embracer-freemode/">Archived</a> from the original on 30 November 2023. Retrieved 14 March 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Embracer+Group+Announces+the+11%5Bth%5D+Operating+Group%3A+Embracer+Freemode&rft.pub=Embracer+Group&rft.date=2022-08-18&rft_id=https%3A%2F%2Fembracer.com%2Freleases%2Fembracer-group-announces-the-11th-operating-group-embracer-freemode%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-PC_Gamer:_Freemode-62"><a href="#cite_ref-PC_Gamer:_Freemode_62-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFPrescott2022" class="citation web cs1">Prescott, Shaun (18 August 2022). <a rel="nofollow" class="external text" href="https://www.pcgamer.com/embracer-goes-on-spending-spree-buys-lord-of-the-rings-ip-rights-tripwire-interactive-and-more/">"Embracer goes on spending spree: buys Lord of the Rings IP rights, Tripwire Interactive, and more"</a>. <a href="/wiki/PC_Gamer" title="PC Gamer">PC Gamer</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220818061042/https://www.pcgamer.com/embracer-goes-on-spending-spree-buys-lord-of-the-rings-ip-rights-tripwire-interactive-and-more/">Archived</a> from the original on 18 August 2022. Retrieved 11 May 2023.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=PC+Gamer&rft.atitle=Embracer+goes+on+spending+spree%3A+buys+Lord+of+the+Rings+IP+rights%2C+Tripwire+Interactive%2C+and+more&rft.date=2022-08-18&rft.aulast=Prescott&rft.aufirst=Shaun&rft_id=https%3A%2F%2Fwww.pcgamer.com%2Fembracer-goes-on-spending-spree-buys-lord-of-the-rings-ip-rights-tripwire-interactive-and-more%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Windows_Central:_Freemode-63"><a href="#cite_ref-Windows_Central:_Freemode_63-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTolbert2022" class="citation web cs1">Tolbert, Samuel (18 August 2022). <a rel="nofollow" class="external text" href="https://www.windowscentral.com/gaming/xbox/embracer-group-acquires-the-lord-of-the-ring-ip-limited-run-games-tripwire-interactive-and-more">"Embracer Group acquires The Lord of the Ring IP, Limited Run Games, Tripwire Interactive, and more"</a>. <a href="/wiki/Windows_Central" class="mw-redirect" title="Windows Central">Windows Central</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220818045513/https://www.windowscentral.com/gaming/xbox/embracer-group-acquires-the-lord-of-the-ring-ip-limited-run-games-tripwire-interactive-and-more">Archived</a> from the original on 18 August 2022. Retrieved 18 August 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Windows+Central&rft.atitle=Embracer+Group+acquires+The+Lord+of+the+Ring+IP%2C+Limited+Run+Games%2C+Tripwire+Interactive%2C+and+more&rft.date=2022-08-18&rft.aulast=Tolbert&rft.aufirst=Samuel&rft_id=https%3A%2F%2Fwww.windowscentral.com%2Fgaming%2Fxbox%2Fembracer-group-acquires-the-lord-of-the-ring-ip-limited-run-games-tripwire-interactive-and-more&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_Saudi_Arabia_investment-64"><a href="#cite_ref-GIbiz:_Saudi_Arabia_investment_64-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFPartis2022" class="citation web cs1">Partis, Danielle (8 June 2022). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/articles/2022-06-08-saudi-arabia-acquires-usd1bn-stake-in-embracer-group">"Saudi Arabia acquires $1bn stake in Embracer Group"</a>. <a href="/wiki/Gamesindustry.biz" class="mw-redirect" title="Gamesindustry.biz">Gamesindustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220608115728/https://www.gamesindustry.biz/articles/2022-06-08-saudi-arabia-acquires-usd1bn-stake-in-embracer-group">Archived</a> from the original on 8 June 2022. Retrieved 8 June 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gamesindustry.biz&rft.atitle=Saudi+Arabia+acquires+%241bn+stake+in+Embracer+Group&rft.date=2022-06-08&rft.aulast=Partis&rft.aufirst=Danielle&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Farticles%2F2022-06-08-saudi-arabia-acquires-usd1bn-stake-in-embracer-group&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-GIbiz:_Nasdaq_Stockholm-65"><a href="#cite_ref-GIbiz:_Nasdaq_Stockholm_65-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDealessandri2022" class="citation web cs1">Dealessandri, Marie (8 December 2022). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/embracer-approved-to-trade-on-nasdaq-stockholm">"Embracer approved to trade on Nasdaq Stockholm"</a>. <a href="/wiki/GamesIndustry.biz" class="mw-redirect" title="GamesIndustry.biz">GamesIndustry.biz</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221210193158/https://www.gamesindustry.biz/embracer-approved-to-trade-on-nasdaq-stockholm">Archived</a> from the original on 10 December 2022. Retrieved 10 December 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+approved+to+trade+on+Nasdaq+Stockholm&rft.date=2022-12-08&rft.aulast=Dealessandri&rft.aufirst=Marie&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Fembracer-approved-to-trade-on-nasdaq-stockholm&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Axios:_Failed_deal-66"><a href="#cite_ref-Axios:_Failed_deal_66-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTotilo2024" class="citation web cs1">Totilo, Stephen (24 May 2024). <a rel="nofollow" class="external text" href="https://www.axios.com/2023/05/24/embracer-group-deal-collapse">"$2 billion partnership deal falls through for Embracer Group"</a>. <a href="/wiki/Axios_(website)" title="Axios (website)">Axios</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240229194115/https://www.axios.com/2023/05/24/embracer-group-deal-collapse">Archived</a> from the original on 29 February 2024. Retrieved 14 March 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Axios&rft.atitle=%242+billion+partnership+deal+falls+through+for+Embracer+Group&rft.date=2024-05-24&rft.aulast=Totilo&rft.aufirst=Stephen&rft_id=https%3A%2F%2Fwww.axios.com%2F2023%2F05%2F24%2Fembracer-group-deal-collapse&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Axios:_Saudi_Arabia_report-67"><a href="#cite_ref-Axios:_Saudi_Arabia_report_67-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTolito2023" class="citation web cs1">Tolito, Stephen (14 August 2023). <a rel="nofollow" class="external text" href="https://www.axios.com/2023/08/14/saudi-arabia-savvy-games-embracer-group">"Scoop: Saudi-funded Savvy Games was the mystery partner in collapsed $2B Embracer deal"</a>. <a href="/wiki/Axios_(website)" title="Axios (website)">Axios</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230815025329/https://www.axios.com/2023/08/14/saudi-arabia-savvy-games-embracer-group">Archived</a> from the original on 15 August 2023. Retrieved 14 August 2023.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Axios&rft.atitle=Scoop%3A+Saudi-funded+Savvy+Games+was+the+mystery+partner+in+collapsed+%242B+Embracer+deal&rft.date=2023-08-14&rft.aulast=Tolito&rft.aufirst=Stephen&rft_id=https%3A%2F%2Fwww.axios.com%2F2023%2F08%2F14%2Fsaudi-arabia-savvy-games-embracer-group&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Restructuring-68"><a href="#cite_ref-Embracer:_Restructuring_68-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://embracer.com/mfn_news/embracer-group-announces-comprehensive-restructuring-program-with-immediate-implementation/">"Embracer Group announces comprehensive restructuring program with immediate implementation"</a> (Press release). Embracer Group. 13 June 2023. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20231109230713/https://embracer.com/releases/embracer-group-announces-comprehensive-restructuring-program-with-immediate-implementation/">Archived</a> from the original on 9 November 2023. Retrieved 13 June 2023.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Embracer+Group+announces+comprehensive+restructuring+program+with+immediate+implementation&rft.pub=Embracer+Group&rft.date=2023-06-13&rft_id=https%3A%2F%2Fembracer.com%2Fmfn_news%2Fembracer-group-announces-comprehensive-restructuring-program-with-immediate-implementation%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-IGN:_Campfire_Cabal_closed-69"><a href="#cite_ref-IGN:_Campfire_Cabal_closed_69-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFLyles2023" class="citation web cs1">Lyles, Taylor (4 August 2023). <a rel="nofollow" class="external text" href="https://www.ign.com/articles/embracer-group-is-starting-to-close-studios-campfire-cabal">"Embracer Group Is Starting to Close Studios After Losing Out on Deal Worth Billions"</a>. <a href="/wiki/IGN" title="IGN">IGN</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230804200215/https://www.ign.com/articles/embracer-group-is-starting-to-close-studios-campfire-cabal">Archived</a> from the original on 4 August 2023. Retrieved 6 August 2022.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=IGN&rft.atitle=Embracer+Group+Is+Starting+to+Close+Studios+After+Losing+Out+on+Deal+Worth+Billions&rft.date=2023-08-04&rft.aulast=Lyles&rft.aufirst=Taylor&rft_id=https%3A%2F%2Fwww.ign.com%2Farticles%2Fembracer-group-is-starting-to-close-studios-campfire-cabal&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-VGC:_Volition_closed-70"><a href="#cite_ref-VGC:_Volition_closed_70-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFScullion2023" class="citation web cs1">Scullion, Chris (31 August 2023). <a rel="nofollow" class="external text" href="https://www.videogameschronicle.com/news/saints-row-developer-volition-has-been-closed-effective-immediately/">"Saints Row developer Volition has been closed 'effective immediately'"</a>. <a href="/wiki/Video_Games_Chronicle" title="Video Games Chronicle">Video Games Chronicle</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230831172016/https://www.videogameschronicle.com/news/saints-row-developer-volition-has-been-closed-effective-immediately/">Archived</a> from the original on 31 August 2023. Retrieved 31 August 2023.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Video+Games+Chronicle&rft.atitle=Saints+Row+developer+Volition+has+been+closed+%27effective+immediately%27&rft.date=2023-08-31&rft.aulast=Scullion&rft.aufirst=Chris&rft_id=https%3A%2F%2Fwww.videogameschronicle.com%2Fnews%2Fsaints-row-developer-volition-has-been-closed-effective-immediately%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Eurogamer:_Free_Radical_Games_closed-71"><a href="#cite_ref-Eurogamer:_Free_Radical_Games_closed_71-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFPhillips2023" class="citation web cs1">Phillips, Tom (11 December 2023). <a rel="nofollow" class="external text" href="https://www.eurogamer.net/timesplitters-studio-free-radical-design-closed-today-staff-say">"TimeSplitters studio Free Radical Design closed today, staff say"</a>. <a href="/wiki/Eurogamer" title="Eurogamer">Eurogamer</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20231211210031/https://www.eurogamer.net/timesplitters-studio-free-radical-design-closed-today-staff-say">Archived</a> from the original on 11 December 2023. Retrieved 11 December 2023.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Eurogamer&rft.atitle=TimeSplitters+studio+Free+Radical+Design+closed+today%2C+staff+say&rft.date=2023-12-11&rft.aulast=Phillips&rft.aufirst=Tom&rft_id=https%3A%2F%2Fwww.eurogamer.net%2Ftimesplitters-studio-free-radical-design-closed-today-staff-say&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-PC_Gamer:_Beamdog_layoffs-72"><a href="#cite_ref-PC_Gamer:_Beamdog_layoffs_72-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMcGregor2023" class="citation web cs1">McGregor, Jody (23 September 2023). <a rel="nofollow" class="external text" href="https://www.pcgamer.com/26-staff-have-been-laid-off-at-baldurs-gate-enhanced-edition-studio-beamdog/">"26 staff have been laid off at Baldur's Gate: Enhanced Edition studio Beamdog"</a>. <a href="/wiki/PC_Gamer" title="PC Gamer">PC Gamer</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230924005828/https://www.pcgamer.com/26-staff-have-been-laid-off-at-baldurs-gate-enhanced-edition-studio-beamdog/">Archived</a> from the original on 24 September 2023. Retrieved 23 September 2023.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=PC+Gamer&rft.atitle=26+staff+have+been+laid+off+at+Baldur%27s+Gate%3A+Enhanced+Edition+studio+Beamdog&rft.date=2023-09-23&rft.aulast=McGregor&rft.aufirst=Jody&rft_id=https%3A%2F%2Fwww.pcgamer.com%2F26-staff-have-been-laid-off-at-baldurs-gate-enhanced-edition-studio-beamdog%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Eurogamer:_Crystal_Dynamics_layoffs-73"><a href="#cite_ref-Eurogamer:_Crystal_Dynamics_layoffs_73-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFWales2023" class="citation web cs1">Wales, Matt (20 September 2023). <a rel="nofollow" class="external text" href="https://www.eurogamer.net/embracer-group-layoffs-hit-tomb-raider-developer-crystal-dynamics">"Embracer Group layoffs hit Tomb Raider developer Crystal Dynamics"</a>. <a href="/wiki/Eurogamer" title="Eurogamer">Eurogamer</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230921220924/https://www.eurogamer.net/embracer-group-layoffs-hit-tomb-raider-developer-crystal-dynamics">Archived</a> from the original on 21 September 2023. Retrieved 23 September 2023.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Eurogamer&rft.atitle=Embracer+Group+layoffs+hit+Tomb+Raider+developer+Crystal+Dynamics&rft.date=2023-09-20&rft.aulast=Wales&rft.aufirst=Matt&rft_id=https%3A%2F%2Fwww.eurogamer.net%2Fembracer-group-layoffs-hit-tomb-raider-developer-crystal-dynamics&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-VGC:_15_projects_cancelled-74"><a href="#cite_ref-VGC:_15_projects_cancelled_74-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFIvan2023" class="citation web cs1">Ivan, Tom (16 November 2023). <a rel="nofollow" class="external text" href="https://www.videogameschronicle.com/news/embracer-has-written-down-15-projects-says-further-studio-closures-and-buyouts-planned/">"Embracer has written down 15 projects, says further studio closures and buyouts planned"</a>. <a href="/wiki/Video_Games_Chronicle" title="Video Games Chronicle">Video Games Chronicle</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20231116125705/https://www.videogameschronicle.com/news/embracer-has-written-down-15-projects-says-further-studio-closures-and-buyouts-planned/">Archived</a> from the original on 16 November 2023. Retrieved 16 November 2023.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Video+Games+Chronicle&rft.atitle=Embracer+has+written+down+15+projects%2C+says+further+studio+closures+and+buyouts+planned&rft.date=2023-11-16&rft.aulast=Ivan&rft.aufirst=Tom&rft_id=https%3A%2F%2Fwww.videogameschronicle.com%2Fnews%2Fembracer-has-written-down-15-projects-says-further-studio-closures-and-buyouts-planned%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Bloomberg:_Saber_sale_report-75"><a href="#cite_ref-Bloomberg:_Saber_sale_report_75-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSchreier2024" class="citation web cs1"><a href="/wiki/Jason_Schreier" title="Jason Schreier">Schreier, Jason</a> (29 February 2024). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2024-02-29/embracer-group-to-sell-saber-subsidiary-in-500-million-deal">"Embracer Group to Sell Saber, Developer of a New 'Star Wars' Game Remake, in $500 Million Deal"</a>. <a href="/wiki/Bloomberg_News" title="Bloomberg News">Bloomberg News</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240229163544/https://www.bloomberg.com/news/articles/2024-02-29/embracer-group-to-sell-saber-subsidiary-in-500-million-deal">Archived</a> from the original on 29 February 2024. Retrieved 29 February 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Bloomberg+News&rft.atitle=Embracer+Group+to+Sell+Saber%2C+Developer+of+a+New+%27Star+Wars%27+Game+Remake%2C+in+%24500+Million+Deal&rft.date=2024-02-29&rft.aulast=Schreier&rft.aufirst=Jason&rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-02-29%2Fembracer-group-to-sell-saber-subsidiary-in-500-million-deal&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Kotaku:_Gearbox_sale_report-76"><a href="#cite_ref-Kotaku:_Gearbox_sale_report_76-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFGach2024" class="citation web cs1">Gach, Ethan (29 February 2024). <a rel="nofollow" class="external text" href="https://kotaku.com/borderlands-4-gearbox-embracer-acquisition-1851297286">"Sources: Borderlands Studio Will Escape The Most Divisive Company In Gaming"</a>. <a href="/wiki/Kotaku" title="Kotaku">Kotaku</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240305220852/https://kotaku.com/borderlands-4-gearbox-embracer-acquisition-1851297286">Archived</a> from the original on 5 March 2024. Retrieved 14 March 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Kotaku&rft.atitle=Sources%3A+Borderlands+Studio+Will+Escape+The+Most+Divisive+Company+In+Gaming&rft.date=2024-02-29&rft.aulast=Gach&rft.aufirst=Ethan&rft_id=https%3A%2F%2Fkotaku.com%2Fborderlands-4-gearbox-embracer-acquisition-1851297286&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-VGC:_Saber_sale-77">^ <a href="#cite_ref-VGC:_Saber_sale_77-0">a</a> <a href="#cite_ref-VGC:_Saber_sale_77-1">b</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRobinson2024" class="citation web cs1">Robinson, Andy (14 March 2024). <a rel="nofollow" class="external text" href="https://www.videogameschronicle.com/news/embracer-confirms-247m-sale-of-saber-assets-and-withdraws-from-russia/">"Embracer confirms $247m sale of Saber assets and withdraws from Russia"</a>. <a href="/wiki/Video_Games_Chronicle" title="Video Games Chronicle">Video Games Chronicle</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240314150654/https://www.videogameschronicle.com/news/embracer-confirms-247m-sale-of-saber-assets-and-withdraws-from-russia/">Archived</a> from the original on 14 March 2024. Retrieved 14 March 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Video+Games+Chronicle&rft.atitle=Embracer+confirms+%24247m+sale+of+Saber+assets+and+withdraws+from+Russia&rft.date=2024-03-14&rft.aulast=Robinson&rft.aufirst=Andy&rft_id=https%3A%2F%2Fwww.videogameschronicle.com%2Fnews%2Fembracer-confirms-247m-sale-of-saber-assets-and-withdraws-from-russia%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Gematsu:_Saber_sale-78">^ <a href="#cite_ref-Gematsu:_Saber_sale_78-0">a</a> <a href="#cite_ref-Gematsu:_Saber_sale_78-1">b</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRomano2024" class="citation web cs1">Romano, Sal (14 March 2024). <a rel="nofollow" class="external text" href="https://www.gematsu.com/2024/03/saber-interactive-to-split-from-embracer-group">"Saber Interactive to split from Embracer Group [Update]"</a>. Gematsu. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240314151538/https://www.gematsu.com/2024/03/saber-interactive-to-split-from-embracer-group">Archived</a> from the original on 14 March 2024. Retrieved 14 March 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Gematsu&rft.atitle=Saber+Interactive+to+split+from+Embracer+Group+%5BUpdate%5D&rft.date=2024-03-14&rft.aulast=Romano&rft.aufirst=Sal&rft_id=https%3A%2F%2Fwww.gematsu.com%2F2024%2F03%2Fsaber-interactive-to-split-from-embracer-group&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Saber_sale-79"><a href="#cite_ref-Embracer:_Saber_sale_79-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://embracer.com/releases/embracer-group-ceases-all-operations-in-russia-through-the-divestment-of-selected-assets-from-the-operative-group-saber-interactive/">"Embracer Group ceases all operations in Russia through the divestment of selected assets from the operative group Saber Interactive"</a> (Press release). Embracer Group. 14 March 2024. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240314151419/https://embracer.com/releases/embracer-group-ceases-all-operations-in-russia-through-the-divestment-of-selected-assets-from-the-operative-group-saber-interactive/">Archived</a> from the original on 14 March 2024. Retrieved 14 March 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Embracer+Group+ceases+all+operations+in+Russia+through+the+divestment+of+selected+assets+from+the+operative+group+Saber+Interactive&rft.pub=Embracer+Group&rft.date=2024-03-14&rft_id=https%3A%2F%2Fembracer.com%2Freleases%2Fembracer-group-ceases-all-operations-in-russia-through-the-divestment-of-selected-assets-from-the-operative-group-saber-interactive%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-80"><a href="#cite_ref-80">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://embracer.com/releases/embracer-group-divests-gearbox-entertainment-for-a-consideration-of-usd-460-million-to-take-two-interactive-software-inc/">"Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc"</a>. 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Gematsu. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240422061928/https://www.gematsu.com/2024/04/embracer-group-to-transform-into-three-separate-companies-asmodee-group-coffee-stain-friends-and-middle-earth-enterprises-friends">Archived</a> from the original on 22 April 2024. 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IGN. Retrieved 17 June 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=IGN&rft.atitle=Embracer+Shuts+Down+Alone+in+the+Dark+Developer+Pieces+Interactive&rft.date=2024-06-17&rft.aulast=Dinsdale&rft.aufirst=Ryan&rft_id=https%3A%2F%2Fwww.ign.com%2Farticles%2Fembracer-shuts-down-alone-in-the-dark-developer-pieces-interactive&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-93"><a href="#cite_ref-93">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBlake2024" class="citation web cs1">Blake, Vikki (8 July 2024). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/embracer-owned-studio-piranha-bytes-has-been-shut-down">"Embracer-owned studio Piranha Bytes has been shut down"</a>. GamesIndustry.biz. Retrieved 9 July 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer-owned+studio+Piranha+Bytes+has+been+shut+down&rft.date=2024-07-08&rft.aulast=Blake&rft.aufirst=Vikki&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Fembracer-owned-studio-piranha-bytes-has-been-shut-down&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-94"><a href="#cite_ref-94">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDealessandri2024" class="citation web cs1">Dealessandri, Marie (14 November 2024). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/embracer-pc-and-console-sales-plummet-during-q2">"Embracer PC and console sales plummet during Q2"</a>. GamesIndustry.biz. Retrieved 14 November 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+PC+and+console+sales+plummet+during+Q2&rft.date=2024-11-14&rft.aulast=Dealessandri&rft.aufirst=Marie&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Fembracer-pc-and-console-sales-plummet-during-q2&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-95"><a href="#cite_ref-95">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMcEvoy2024" class="citation web cs1">McEvoy, Sophie (14 November 2024). <a rel="nofollow" class="external text" href="https://www.gamesindustry.biz/embracer-divests-easybrain-to-miniclip-in-12bn-deal">"Embracer divests Easybrain to Miniclip in $1.2bn deal"</a>. GamesIndustry.biz. Retrieved 14 November 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=GamesIndustry.biz&rft.atitle=Embracer+divests+Easybrain+to+Miniclip+in+%241.2bn+deal&rft.date=2024-11-14&rft.aulast=McEvoy&rft.aufirst=Sophie&rft_id=https%3A%2F%2Fwww.gamesindustry.biz%2Fembracer-divests-easybrain-to-miniclip-in-12bn-deal&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> <li id="cite_note-Embracer:_Interim_Report_Q3_2023-96"><a href="#cite_ref-Embracer:_Interim_Report_Q3_2023_96-0">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://embracer.com/wp-content/uploads/2024/02/Embracer-Group-publishes-Interim-Report-Q3-October-December-2023-NET-SALES-INCREASED-BY-4-TO-SEK-12050-MILLION-240215.pdf">"Embracer Group Interim Report October – December 2023"</a> (PDF). Embracer Group. 15 February 2024. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240309202529/https://embracer.com/wp-content/uploads/2024/02/Embracer-Group-publishes-Interim-Report-Q3-October-December-2023-NET-SALES-INCREASED-BY-4-TO-SEK-12050-MILLION-240215.pdf">Archived</a> (PDF) from the original on 9 March 2024. Retrieved 14 March 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Embracer+Group+Interim+Report+October+%E2%80%93+December+2023&rft.pub=Embracer+Group&rft.date=2024-02-15&rft_id=https%3A%2F%2Fembracer.com%2Fwp-content%2Fuploads%2F2024%2F02%2FEmbracer-Group-publishes-Interim-Report-Q3-October-December-2023-NET-SALES-INCREASED-BY-4-TO-SEK-12050-MILLION-240215.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEmbracer+Group" class="Z3988"> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2>[<a href="/w/index.php?title=Embracer_Group&action=edit&section=12" title="Edit section: External links">edit</a>]</div> <ul><li><a rel="nofollow" class="external text" href="https://embracer.com/">Official website</a></li></ul> <div class="navbox-styles"><style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output 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.navbar{display:none!important}}</style><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Embracer_Group" title="Template:Embracer Group"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Embracer_Group" title="Template talk:Embracer Group"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Embracer_Group" title="Special:EditPage/Template:Embracer Group"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Embracer_Group" style="font-size:114%;margin:0 4em"><a class="mw-selflink selflink">Embracer Group</a></div></th></tr><tr><td class="navbox-abovebelow" colspan="2"><div>List of video games (<a href="/wiki/List_of_Deep_Silver_games" title="List of Deep Silver games">Deep Silver</a>, <a href="/wiki/List_of_Prime_Matter_games" title="List of Prime Matter games">Prime Matter</a>, <a href="/wiki/List_of_Ravenscourt_games" title="List of Ravenscourt games">Ravenscourt</a>, <a href="/wiki/List_of_Saber_Interactive_games" title="List of Saber Interactive games">Saber Interactive</a>, <a href="/wiki/List_of_THQ_Nordic_games" title="List of THQ Nordic games">THQ Nordic</a>) / <a href="/wiki/List_of_mergers_and_acquisitions_by_Embracer_Group" title="List of mergers and acquisitions by Embracer Group">List of mergers and acquisitions</a> (<a href="/wiki/List_of_acquisitions_by_THQ_Nordic" title="List of acquisitions by THQ Nordic">THQ Nordic</a>)</div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/THQ_Nordic" title="THQ Nordic">THQ Nordic</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Black_Forest_Games" title="Black Forest Games">Black Forest Games</a></li> <li><a href="/wiki/Bugbear_Entertainment" title="Bugbear Entertainment">Bugbear Entertainment</a></li> <li><a href="/wiki/Gunfire_Games" title="Gunfire Games">Gunfire Games</a></li> <li><a href="/wiki/HandyGames" title="HandyGames">HandyGames</a></li> <li><a href="/wiki/Purple_Lamp" title="Purple Lamp">Purple Lamp</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Plaion" title="Plaion">Plaion</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Anime_Limited" title="Anime Limited">Anime Limited</a></li> <li><a href="/wiki/Deep_Silver" title="Deep Silver">Deep Silver</a> <ul><li><a href="/wiki/Dambuster_Studios" title="Dambuster Studios">Dambuster Studios</a></li> <li><a href="/wiki/Fishlabs" title="Fishlabs">Fishlabs</a></li></ul></li> <li><a href="/wiki/DigixArt" title="DigixArt">DigixArt</a></li> <li><a href="/wiki/Flying_Wild_Hog" title="Flying Wild Hog">Flying Wild Hog</a></li> <li><a href="/wiki/Milestone_(Italian_company)" title="Milestone (Italian company)">Milestone</a></li> <li><a href="/wiki/Warhorse_Studios" title="Warhorse Studios">Warhorse Studios</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Coffee Stain</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Coffee_Stain_Studios" title="Coffee Stain Studios">Coffee Stain Studios</a></li> <li><a href="/wiki/Easy_Trigger" class="mw-redirect" title="Easy Trigger">Easy Trigger</a></li> <li><a href="/wiki/Ghost_Ship_Games" title="Ghost Ship Games">Ghost Ship Games</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Amplifier Game Invest</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Tarsier_Studios" title="Tarsier Studios">Tarsier Studios</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Deca_Games" title="Deca Games">Deca Games</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Cryptic_Studios" title="Cryptic Studios">Cryptic Studios</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Asmodee" title="Asmodee">Asmodee</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Days_of_Wonder" title="Days of Wonder">Days of Wonder</a></li> <li><a href="/wiki/Fantasy_Flight_Games" title="Fantasy Flight Games">Fantasy Flight Games</a></li> <li><a href="/wiki/Lookout_Games" title="Lookout Games">Lookout Games</a></li> <li><a href="/wiki/Plaid_Hat_Games" title="Plaid Hat Games">Plaid Hat Games</a></li> <li><a href="/wiki/Z-Man_Games" title="Z-Man Games">Z-Man Games</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Dark Horse Media</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Dark_Horse_Comics" title="Dark Horse Comics">Dark Horse Comics</a></li> <li><a href="/wiki/Dark_Horse_Entertainment" title="Dark Horse Entertainment">Dark Horse Entertainment</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Freemode</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Limited_Run_Games" title="Limited Run Games">Limited Run Games</a></li> <li><a href="/wiki/Middle-earth_Enterprises" title="Middle-earth Enterprises">Middle-earth Enterprises</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">CDE Entertainment</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Crystal_Dynamics" title="Crystal Dynamics">Crystal Dynamics</a></li> <li><a href="/wiki/Eidos-Montr%C3%A9al" title="Eidos-Montréal">Eidos-Montréal</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other assets</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/4A_Games" title="4A Games">4A Games</a></li> <li><a href="/wiki/Arc_Games" title="Arc Games">Arc Games</a></li> <li><a href="/wiki/Aspyr" title="Aspyr">Aspyr</a> <ul><li><a href="/wiki/Beamdog" title="Beamdog">Beamdog</a></li></ul></li> <li><a href="/wiki/Demiurge_Studios" title="Demiurge Studios">Demiurge Studios</a></li> <li><a href="/wiki/Snapshot_Games" title="Snapshot Games">Snapshot Games</a></li> <li><a href="/wiki/Tripwire_Interactive" title="Tripwire Interactive">Tripwire Interactive</a></li> <li><a href="/wiki/Zen_Studios" title="Zen Studios">Zen Studios</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Former assets</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/3D_Realms" title="3D Realms">3D Realms</a></li> <li><a href="/wiki/Digic_Pictures" title="Digic Pictures">Digic Pictures</a></li> <li><a href="/wiki/Free_Radical_Design" title="Free Radical Design">Free Radical Design</a></li> <li><a href="/wiki/Gearbox_Software" title="Gearbox Software">Gearbox Entertainment</a></li> <li><a href="/wiki/New_World_Interactive" title="New World Interactive">New World Interactive</a></li> <li><a href="/wiki/Nimble_Giant_Entertainment" title="Nimble Giant Entertainment">Nimble Giant Entertainment</a></li> <li><a href="/wiki/Piranha_Bytes" title="Piranha Bytes">Piranha Bytes</a></li> <li><a href="/wiki/Rainbow_Studios" title="Rainbow Studios">Rainbow Studios</a></li> <li><a href="/wiki/Saber_Interactive" title="Saber Interactive">Saber Interactive</a></li> <li><a href="/wiki/Slipgate_Ironworks" title="Slipgate Ironworks">Slipgate Ironworks</a></li> <li><a href="/wiki/Square_Enix_Montreal" title="Square Enix Montreal">Square Enix Montreal</a></li> <li><a href="/wiki/Volition_(company)" title="Volition (company)">Volition</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table></div>    </div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?type=1x1" alt="" width="1" height="1" style="border: none; position: absolute;"></noscript> <div class="printfooter" data-nosnippet="">Retrieved from "<a dir="ltr" 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