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  • Partner that Balked at Embracer Group's $2 Billion Deal Revealed

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    Partner that Balked at Embracer Group's $2 Billion Deal Revealed

    The Saudi-backed Savvy Games was the mystery partner that walked away.

    Embracer Group recently started to lay off employees and shutter some of their game studios as recently as last week after a multi-billion dollar deal reportedly fell through. At the time of that initial report, it was not known who that mystery partner could have been that walked away from the deal after negotiations.

    Today, it has been revealed that the partner in question was Savvy Games Group, a...
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  • Embracer Group Starts to Close Studios After Multi-Billion Dollar Deal Falls Through

    The company announced in June it would start closing studios and laying off employees.

    Campfire Cabal has been shut down by Embracer Group. Campfire Cabal is the first studio being shut down by Embracer after a deal worth $2 billion (USD) fell through several months back.

    The closure of Campfire Cabal was first shared on LinkedIn (via bogorad222 on Twitter) by Bruno-Christian Belibou, the now former executive producer at Campfire Cabal.

    Campfire Cabal first...
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