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Embracer say their restructure is over, but it's "too early" to start acquiring studios again

Earlier today, megacorp Embracer announced they were selling Borderlands developer Gearbox to Take-Two. During an investor call about the divestment, CEO Lars Wingefors confirmed that this brought an end to the restructuring process Embracer announced last year. He was also asked whether this meant Embracer had plans to start acquiring other studios again.

Wingefors said it was "way too early" to restart "the M&A engines."

"We are ending the restructuring programme now, end of March, and the Gearbox restructuring process has been part of that programme. Now we are getting approached, I would say not quite daily, but on a weekly basis, by companies that would like to acquire certain assets within the group. And I’ve been very clear that they’re not for sale, because they’re a very important part for the group and for the shareholders of the group going forward," said Wingefors.
The companies that Embracer have chosen to sell had "negative cashflow", he said, and divesting from those businesses would make the Embracer that remains more "cashflow generative."

This doesn't mean that it's time to resume the group's previous strategy of hoovering up other companies, however.

"Looking to do more [mergers and acquisitions] deals – I think it’s way too early to start talking about restarting the M&A engines again," said Wingefors. "Now we are in the late phases of the consideration into the future of the group, and that’s our highest focus and priority – how we set up ourselves and structure ourselves, and utilise our assets we have within the group, and have them work together, and how we leverage them better working together, utilising different functions, I think that’s our focus right now, to increase profitability and cashflow generation, by simply making better products and games."
As of early 2023, Embracer owned 138 studios, including Gearbox, Crystal Dynamics, Eidos Montreal, Volition, Piranha Bytes, Ghost Ship Games, 3D Realms, 4A Games, Flying Wild Hog, Saber Interactive, Perfect World, Tuxedo Labs, Coffee Stain, Dambuster Studios, New World Interactive, Warhorse Studio and more. Most had been acquired in the past five years.

During the last twelve months, developer and publishing group Saber Interactive were split into a separate company, taking 3D Realms and 4A Studios with them; TimeSplitters developer Free Radical were closed; Saints Row developer Volition were closed; and 8% of Embracer's employees were laid off.
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Gold Member
Sylvester Stallone Facepalm GIF


Embracer's execs has to be total morons to think any company will agree for acquisitions after everything they pulled in recent year


Too Early ? Fuckers should not be let near another studio again. Fucking ban them entirely from interacting with any more entities in the gaming space.

Deus Ex is (was?) one of my all-time favourite gaming series and they just scrubbed it.
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Fuck off, Embracer. You retards bet your whole company on a verbal promise of a deal., which then fell through. That the CEO and CFO retained their positions is crazy.
One of the worst corporate story of sheer incompetence. I have no idea how management was not entirely replaced after such a shit show.


"Too early to start acquiring studios again." - Are they serious?! They just closed studios and fired a bunch of people.

This group is involved in a money laundering scheme, for sure...
Now might be a good time to buy, It's less than 8 bucks currently, Maybe they can grow that back up to 10 or 11.
Has anyone made any money off this group?
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Yeah they cancelled a Deus Ex game two years into development

Man, fuck everything.
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