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Embracer Sheds 2 More Studios To Improve Profitability
Embracer Group has announced the divestment of two more companies under its portfolio, Arc Games and Cryptic Studios.
Embracer Group has announced the divestment of two more companies under its portfolio, Arc Games and Cryptic Studios.
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.
Gearbox Entertainment, the developer of Borderlands, was one of the companies Embracer marked for sale as part of its restructuring program
It started with shocking Bungie layoffs and is ending with Cryptic Studios announcing personnel changes—which technically meant layoffs.