Embracer Group Splits Up Into Three New Companies
Embracer Group has announced plans to split itself into three unique game companies: Asmodee, Coffee Stain and Friends, and Middle-earth Enterprises and Friends. Each entity will exist as a separate and publicly listed company on the Nasdaq Stockholm.
Asmodee, which has a rich portfolio of over 300 IPs, will function as a tabletop games publisher. The company has several licensed tabletop games in development based on properties like Game of Thrones, Lord of the Rings, and more, and has released highly successful games like Exploding Kittens and Catan. It's worth noting that Embracer Group has--through Asmodee--entered into a new financing agreement with several banks as part of its plans to "repay existing debt and reduce leverage" in the remaining Embracer Group. As part of the arrangement, Asmodee has been valued at $958 million.
Coffee Stain and Friends will "better showcase its high-margin profile and strong cash flow," according to Embracer and it is comprised of Coffee Stain, Ghost Ship, Tarsier, Tuxedo Labs, Amplifier Game Invest, and publisher THQ Nordic. This company will have more than 200 IPs in its portfolio, including Deep Rock Galactic, Goat Simulator, Satisfactory, Wreckfest, Teardown, and Valheim, which it partly owns. There's also the free-to-play side of the company, with games like Cryptic and published titles based on popular IPs like Star Trek Online.
Continue Reading at GameSpotDate: |
Topics
Filter
-
The top 5 countries where companies are scooping up American tech workers
Companies around the world are eager to hire U.S. tech talent.CNBC - Business -
The No. 1 skill companies are hiring for is also the hardest to find, according to new research
“A strong work ethic” is the top skill companies are looking for in new hires, but is one of the hardest to find, according to new research from ADP.CNBC - Business -
The SEC ended a probe into large bets that three prominent investors made on Activision days before the company agreed to be acquired by Microsoft in 2022.
The SEC ended a probe into large bets that three prominent investors made on Activision days before the company agreed to be acquired by Microsoft in 2022.The Wall Street Journal - World -
Nasdaq finally ‘warming up’ to Canadian cannabis companies with U.S. exposure. Could American growers be next?
The Nasdaq stock exchange is “warming up” to the idea of continuing to list Canadian cannabis companies even if they have exposure to the U.S. market — and a U.S. cannabis company could be next, an analyst at Jefferies said.MarketWatch - Business -
Embrace The Banished In Halo Infinite's Banished Honor Operation
Halo Infinite has officially started its fourth operation of the year. Unlike the Yappening II or Cyber Showdown III Operation, 343 Industries is stepping away from flashy cosmetics and is leaning more into the game's main antagonist aesthetic, ...GameSpot - Tech -
WWE news, rumors: Seth Rollins re-signs with WWE as the company also secures Drew McIntyre, per report
Rollins' WrestleMania 40 opponent McIntyre recently re-signed with the companyCBS Sports - Sports -
Noisy, Gaudy and Spiritual: Young Pilgrims Embrace an Ancient Goddess
On an island whose religious diversity is part of its democratic identity, many of the faithful participating in a pilgrimage for Mazu, Goddess of the Sea, were in their 20s and teens.The New York Times - World -
El Chapo’s opium heartland bereft as Mexico cartels embrace fentanyl
Poppy and marijuana farming money disappear from rural areas as traffickers shift to synthetic drugsFinancial Times - World -
A new cold war? World war three? How do we navigate this age of confusion? | Timothy Garton Ash
In history, as in romance, beginnings matter – so what we do now will be crucial in shaping the future. In these times of planetary polycrisis, we try to get our bearings by looking to the past. Are we perhaps in The New Cold War, as Robin ...The Guardian - World -
Roundtable: Three players to avoid
The fantasy experts list the players they are avoiding in fantasy women's basketball drafts this season.ESPN - Sports
More from GameSpot
-
Many Of Square Enix's Best Games Are Steeply Discounted For Golden Week
Green Man Gaming is holding a massive sale in honor of the Japenese Golden Week Festival this week. While games from many publishers are on sale, some of the best deals are for Square Enix RPGs, including many of the company's best releases in ...GameSpot - Tech -
All Monsters In Content Warning
Content Warning is a co-op horror game all about filming scary things and uploading those videos online to get famous. While there are aspects of Content Warning that are colorful and light-hearted, the monsters lurking in the Old World can be ...GameSpot - Tech -
Snag This 7-Game Star Wars Collection On Nintendo Switch For Only $40
Ahead of Star Wars Day, you can save big on Star Wars: Heritage Pack, a Nintendo Switch-exclusive compilation of some of the best classic Star Wars games you can play today. The physical edition of Star Wars: Heritage Pack released late last year ...GameSpot - Tech -
Priest Arrested For Using Church Funds On Candy Crush And Other Mobile Games
There have been plenty of church scandals over the decades, but this might be the very first one that involves Candy Crush. Via The Philadelphia Inquirer, Reverend Lawrence Kozak was arrested in Pottstown, Pennsylvania on April 25 and charged with ...GameSpot - Tech -
Westworld Blu-Ray Box Set Is Half Off Right Now At Amazon
Bad news: Westworld, the futuristic show about lifelike robots finding their humanity, is no longer available to stream on Max, despite that service encompassing HBO, where Westworld originally aired. There's good news too, though: You can ...GameSpot - Tech