In May 2022, Embracer Group announced that they had acquired a number of studios from Square Enix in a deal worth $300 million. At the time, Today, Embracer is shutting down at least one of those studios, a move that impacts roughly 200 employees.
CDE Entertainment, an Embracer-owned business group made up of assets acquired during that Square Enix acquisition, announced that they are shutting down its publishing...