505 Games Shuts Down Studios Across Europe

01 March 2024 08:57

505 Games, as part of its ongoing restructuring efforts, has revealed intentions to close down its offices located in France, Germany, and Spain. This strategic move comes following Digital Bros, the parent company of 505 Games, announcing in November its decision to reduce its workforce by 30%, which encompassed staff members at 505 Games as well. The shutting down of offices in various European countries will affect 10 employees according to reports. 505 Games recently sold the rights of Control to Remedy for $17m.

Tags: 505 Games Embracer Group

Share:

Sources:

Report mistake Submit news

Related news

View All

Embracer Group Pays Back $300m

Embracer Group announced that they paid $300m of debt. The group informed lenders about the repayment, marking progress towards...

Uncategorized

Jun 21, 2024

Embracer Group to Divide into 3 Companies

Swedish gaming giant Embracer Group, revealed on Monday its intention to divide into three separate entities: Asmodee Group, Coffee...

Business

Apr 23, 2024

Take-Two Acquires Gearbox

Take-Two Interactive has announced its acquisition of Gearbox, from Embracer Group for a sum of $460m. The acquisition...

Business

Mar 28, 2024

Saber Interactive Sold for $247m

Embracer Group AB has agreed to sell certain assets from Saber Interactive for a total purchase price of $247m....

Business

Mar 15, 2024

Embracer Group to Reduce Debt

Embracer Group has announced the extension of its credit and loan debts until 2025. According to reports, the primary...

Business

Dec 19, 2023

505 Games Shuts Down Studios Across Europe

01 March 2024 08:57

Tags: 505 Games Embracer Group

505 Games, as part of its ongoing restructuring efforts, has revealed intentions to close down its offices located in France, Germany, and Spain. This strategic move comes following Digital Bros, the parent company of 505 Games, announcing in November its decision to reduce its workforce by 30%, which encompassed staff members at 505 Games as well. The shutting down of offices in various European countries will affect 10 employees according to reports. 505 Games recently sold the rights of Control to Remedy for $17m.

Share:

Sources:

Report mistake Submit news