Savvy Games Group Cancels Embracer Deal

Savvy Games Group Cancels Embracer Deal

Drama Business

15 August 2023 16:08

According to recent reports by Axios, Savvy Games Group canceled the strategic partnership deal with Embracer Group. The $2 billion deal ended due to external factors. Embracer Group CEO stated "They were already agreed and everything was done, ready to go. And the feedback, there is a strong belief in the deal on both sides. So, the decision is external factors from this transaction." It's been a rough night getting that decision when you have everything prepared presentation, communication and obviously, you have been working day and night, almost sometimes for half a year to achieve something."

Following the announcement Embracer Group went through a restructuring program to cut costs. The company recently shut down Campfire Cabal.

Tags: Savvy Games Group Embracer

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