"On the divestment side there is a strong vibrant market with many, many active players."
Take-Two: "We know there have been some concerns from Borderlands fans about Take-Two’s Terms of Service. Maintaining transparency and confidence with the community here is always our goal, and we wanted to address some of these concerns."
Do not miss the Final Fantasy IX lottery commemorating its 25th anniversary and see the new merch release by Square Enix.
I’m hoping Xbox Showcase will be where the Remake gets announced… freaking all this stuff with FF9’s anniversary and still nothing on the Remake…
In recent years, Ubisoft has canceled several games, one of them being a project code-named Renaissance.
Sounds like you purchased them more like they were limited edition coins or stamps to profit from with a sale than really doing anything with the acquisitions.
Now, it's looking for buyers and shoving the rest out into the unemployment line.
Sure Tencent will be waiting in the wings to snap up a few bargains.
Genuinely don't think there's been a bigger fuck up of a company I can think of in gaming. Buy all these IP and studios and then close them all down, wtf.
Embracer really did not know how to manage these companies. This is what happens with too fast expansion in business.
The laws are simple, make profit margin of 10-15% from the get go from each of your companies/studios, or you have to fire people and projects will be delayed or cancelled. Their salary and other operational costs were too high. I can't believe they didn't crunch the numbers well enough. I was always thinking where does the money come from.
Many workers who have families may lose their source of income and it has a real effect on them because some megalomaniac pretend executive didn't do their job. The good news is that most of the talent will likely find a new home very easily. The bad news is that lot of the good work they put in may be lost forever.
They are pulling off a Microsoft and destroying companies.