They have a wide variety of companies that they own now. I don't think it's going to be as simple as Tencent or Netease sweeping up the whole thing. They're not going to be interested in stuff like Asmodee or Dark Horse.
Well, at least MS is on mostly stable footing. Embracer has the smell of something corrupt starting to come from it, like accounting or investor fraud. I know there was a lot "free money" floating around for years but I feel like you don't go on a buying spree and then have a major cash crunch like this without something funky going on in the financials. Lawsuits are going to come at some point.
The only saving grace here is that Microsoft has invested so much into XBOX/gaming over the past few years that it would make little sense to abandon everything again like they did during the late 360 era. But this is from July and Xbox was also one of the affected divisions (not that they're somehow more important or anything):
www.cnbc.com
I assume the wikipedia article will be slowly updated in the coming weeks/months as they announce more layoffs and sales. So far it's
The only saving grace here is that Microsoft has invested so much into XBOX/gaming over the past few years that it would make little sense to abandon everything again like they did during the late 360 era. But this is from July and Xbox was also one of the affected divisions (not that they're somehow more important or anything):
Microsoft confirms more job cuts on top of 10,000 layoffs announced in January
On top of the 10,000 layoffs Microsoft announced in January, the company is now slimming down its number of salespeople.
www.bloomberg.com
Worst video game company right now. Seriously, fuck them.Embracer Group Looks to Sell Video Game Studio Gearbox
The game developer is best known for Borderlands, which has generated more than $1 billion in revenue
I'm exaggerating a bit, but I'm willing to bet that 95% of the reactions on Fami and elsewhere to Embracer's acquisitions over the last few years will have aged like fine wine. Everyone saw this train wreck coming.
It's not that they underestimated the cost. As I understand it, they spent all that time building this large collection of studios and IPs just to sell. And then their potential buyer apparently balked and left them holding the bag.
No, wouldn't say it is like this. I don't think Lars Wingefors, the founder, planned to sell everything directly. He does not seems to be that kind of person. What I expect here is more a kind of pyramid scheme. Financing the next big thing with previous purchases and the value they brought, cashing in from stupid business angels and Hedgefonds. This works always until it stop working, but usually the people on top are so blinded by the previous success, that they can't see it failing. This happened several times and it usually does not end well for the initiator. Some examples Bernie Maddoff or Robert Maxwell.
