Karlstad

Embracer bought Borderlands maker Gearbox Entertainment for $1.3 billion back in early 2021 amid an unprecedented acquisition spree that’s since turned into a financial disaster. Now, just three years later, Kotaku has learned that Gearbox…

Image: Eidos MontrealEmbracer Group, the proverbial grim reaper of video game acquisitions, has been wreaking havoc on the studios and IP it has acquired in the past few years. From layoffs across several companies to shutting down of…

This is Lars Wingefors, the CEO of Embracer, a Swedish holding company that owns multiple video game publishers, dozens of studios, and employs over 16,500 people. Or at least it used to. Embracer has been laying off hundreds, canceling…

Volition, the studio behind Red Faction, Saints Row, and countless other games, is closing its doors after 30 years. The decision was made by parent company Embracer after the sprawling conglomerate announced cuts earlier this year…

Image: Dambuster Studios / Deep SilverEmbracer Group, the Swedish holding company that’s been buying up everything from Borderlands maker Gearbox Entertainment to the rights to The Lord of the Rings, saw its stock plummet earlier this year…