Article by Kotaku about the problems of the Embracer Group which had hoovered up tons of game dev studios in recent years and is now facing a huge amount of debt, resulting in countless layoffs and studio closures.
Article by Kotaku about the problems of the Embracer Group which had hoovered up tons of game dev studios in recent years and is now facing a huge amount of debt, resulting in countless layoffs and studio closures.
This might be suoer naive but isn’t it also partly the fault of the studios for letting themselves being “hoovered up” (love that expression __) be Embracer? They would hopefully nit agreeing to being bought if not in financial difficulties but maybe sometimes it’s just the bosses being greedy?
Sure, there are some which were just sold by disinterested owners, but it’s all over the place. A certain chunk of Embracer came from the original THQ when it went bankrupt. There are also semi-hostile takeovers of publicly traded companies (such as Koch Media) that did not have the means to fend off such a move. Yet another chunk are the former studios of Squeenix (Crystal Dynamics etc.) which had no say in their sale.