Embracer has announced that the proposed sales of 4A Games and Zen Studios have been canceled and will stay with the conglomerate after all. Embracer is a Swedish video game and media holding company that was first established in 2011, taking control of IPs of bygone publishers like THQ and JoWood. The company then grew in size, to the point that it became a public company in 2019. It then began purchasing and acquiring a number of studios throughout 2023, rapidly growing further, acquiring the likes of Metro developer 4A Games and Pinball developer Zen Studios.
The momentum of the Embracer Group's acquisitions came back to bite the conglomerate in a big way, due to the series of acquisitions making it infeasible to fund all the projects that it had under its umbrella. As such, several companies were shut down, many employees were laid off, and games were canceled. Several of these studios include the likes of Volition and Free Radical Design, with the Embracer Group restructuring itself after failing to acquire a multi-billion dollar deal with Saudi Arabia. Some of its acquired studios also had to be sold off, such as Saber Interactive for $247 million. However,...
