this post was submitted on 06 Aug 2023
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Embracer Group Is Starting to Close Studios After Losing Out on Deal Worth Billions (www.ign.com)
submitted 1 year ago by [email protected] to c/games
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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

It’s bad when the holding company can’t weather a streak of big budget flops. The Embracer Group has only a market cap of less than $4 billion yet they act like they are a Sony with their crazy buying spree of the last 5 years. They’ve over extended themselves.