News
Embracer Groups Is Breaking Into 3 Independent Publicly Listed Entities
Embracer Group announced a “transformative step” today that will see the group split into three companies.
News
GTA Parent Company, Take2 Interactive, Will Lay Off 5% In Its Cost Reduction Plan
Take2 Interactive has announced that it plans to cut around 5% of its workforce or around 600 roles.
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Gearbox Publishing Renamed To Arc Games
Gearbox Publishing announced on Monday, April 8, 2024, that it has been renamed to Arc Games The move was first announced during the March 28 Embracer deal with Take-Two.
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Embracer May Start Acquiring Studios Again, But It’s “Too Early”
The divestment of Gearbox Entertainment marked the end of Embracer’s restructuring which started in June 2023.
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Gearbox Entertainment And Take-Two Interactive Merger Led To Layoffs
Hours after the announcement that Embracer has divested Gearbox Entertainment, layoff posts started flooding social media.
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Embracer Has Sold Part Of Gearbox Entertainment To Take-Two Interactive For $460 Million
Gearbox Entertainment, the developer of Borderlands, was one of the companies Embracer marked for sale as part of its restructuring program