this post was submitted on 29 Feb 2024
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Good for them! Embracer is horrible.
They seemed to be acquiring and funding good things for a while there, and then out of the blue went "oops, spent a bit too much there lol, gotta melt some of these down for cash" and then threw some seriously good shit right into the crucible.
They acquired far too much as they expected a $2B deal with Saudi Arabia. That fell through and they’ve been shedding everything but the CEOs (at least from what I can find)
Even if that deal had worked out, it would not have left a nice taste in the mouth.
They really shouldn't have played as fast and loose as they did.
"Out of the blue". They were gobbling up studios as nothing more than assets. Any "good" that came of that process was purely incidental and this sandbag dumping when they started to sink was inevitable.