Embracer Group

Swedish video game and media holding company

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April 2025 Mirage Game Studios was closed by THQ Nordic
April 2025 Infinite Mana Games divested by Amplifier Game Invest Studios
April 2025 Studio Hermitage divested by Amplifier Game Invest Studios
March 2025 IUGO Mobile Entertainment was divested after being acquired by Deca Games in November 2020.
March 2025 Zapper Games, founded by Amplifier Game Invest in December 2021, was divested.
February 2025 Spun off Asmodee and sold SpringboardVR to SynthesisVR
February 7 2025 Asmodee announced its listing on Nasdaq Stockholm, separating from the group as a publicly-traded entity.
February 2025 Asmodee was spun off after being acquired in December 2021.
January 22 2025 Completed transaction of divesting Easybrain to Miniclip.
December 31 2024 Reduced employee count to 7,873 by the end of the year.
November 2024 Reduced employee count from 15,701 to 10,450 and announced divestiture of Easybrain to Miniclip for $1.2 billion.
June 2024 Rare Earth Games was closed
June 2024 Piranha Bytes was closed by THQ Nordic
June 2024 Eidos-Sherbrooke was closed by CDE Studios
June 2024 Multiple subsidiaries closed: Pieces Interactive, Piranha Bytes, Pow Wow Entertainment, Eidos-Sherbrooke, and Pearl Games
June 2024 Closed Pieces Interactive following the disappointing performance of Alone in the Dark (2024).
May 2024 Silent Games and C77 Entertainment were divested after being acquired by Amplifer Game Invest.
May 2024 Shiver Entertainment was sold to Nintendo after being acquired by Saber Interactive in December 2021.
May 2024 Nintendo announced acquisition of Shiver Entertainment from Embracer, subject to closing conditions.
April 2024 Announced plans to split into three separate publicly-traded companies on the Swedish stock market within two years.
April 22 2024 Announced plans to transform into three standalone publicly listed entities on Nasdaq Stockholm within two years: Asmodee (board games), Coffee Stain Publishing (indie games), and a segment managing licensed intellectual properties including Tolkien's Middle Earth.
March 2024 Rainbow Studios, reestablished by THQ Nordic in January 2013, was divested.
March 2024 Saber Interactive was divested after being acquired in February 2020.
March 2024 Take-Two Interactive acquired Gearbox Entertainment, moving it under the 2K label.
March 2024 Announced sale of Saber Interactive to Beacon Interactive, involving 2,950 employees and multiple studio subsidiaries.
February 2024 Reported finalizing sales of Saber Interactive and Gearbox Entertainment.
December 2023 Closed Gearbox studio Free Radical Design.
November 2023 River End Games, founded by Amplifier Game Invest in January 2020, was divested.
November 2023 Laid off 904 employees (5% of workforce) and cancelled at least fifteen projects.
October 2023 Fall Damage, acquired by Amplifer Game Invest in 2019, was sold to Fragbite Group in October 2023.
August 2023 Volition was closed by Deep Silver
August 2023 Plucky Bytes studio was closed
August 2023 Goose Byte divested by Amplifier Game Invest Studios
August 2023 Vermila Studios divested by Amplifier Game Invest Studios
August 2023 Closed Gearbox studio Volition.
June 2023 Embracer Group initiated a large-scale restructuring programme, including layoffs, studio closures, and project cancellations.
June 2023 Closed THQ Nordic studio Campfire Cabal.
May 2023 Embracer Group announced that a previously agreed investment deal had unexpectedly failed, causing the company's shares to fall by 40%.
January 2023 Studio Hermitage was founded by Amplifier Game Invest and divested in April 2025.
December 22 2022 Embracer Group transitioned from Nasdaq First North to Nasdaq Stockholm.
November 2022 Square Enix Montreal was briefly rebranded as Onoma and then closed in a cost reduction measure.
September 2022 Campfire Cabal founded by THQ Nordic, closed in August 2023
August 2022 Infinite Mana Games founded by Amplifier Game Invest Studios
August 2022 Eidos-Sherbrooke was acquired by CDE Entertainment and closed in June 2024.
August 2022 Infinite Mana Games was founded by Amplifier Game Invest and divested in April 2025.
August 2022 Square Enix MontrĂ©al acquired by CDE Entertainment and subsequently closed in November 2022
August 2022 Embracer Group completed the acquisition of Square Enix studios and transferred assets to CDE Entertainment.
June 2022 Savvy Gaming Group, owned by Saudi Arabia's Public Investment Fund, invested in Embracer Group, acquiring an 8.1% stake in the company.
May 2022 Embracer Group entered an agreement to purchase Crystal Dynamics, Eidos-MontrĂ©al, Square Enix Montreal, and several intellectual properties from Square Enix.
May 2022 Embracer Group created the Embracer Group Archive video game preservation effort and established Freemode as its eleventh operative group.

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