Connect with us

Hi, what are you looking for?

Webinar Expert TeamWebinar Expert Team

Tech News

Gaming giant Embracer Group is splitting into three companies

Frodo, played by Elijah Wood, reaches for the ring.
Embracer Group will house major properties like the Lord of The Rings under its new Middle-earth Enterprises & Friends company. | Image: Warner Bros.

Swedish gaming conglomerate Embracer Group announced plans on Monday to split itself into three distinct games and entertainment companies: Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends. These will be separate, publicly listed companies, according to Embracer, which says the move will allow “each entity to better focus on their respective core strategies and offer more differentiated and distinct equity stories for existing and new shareholders.”

“This move towards three independent companies reinforces Embracer’s vision of backing entrepreneurs and creators with a long-term mindset,” says Lars Wingefors, co-founder and Embracer Group CEO, “allowing them to continue to deliver unforgettable experiences for…

Continue reading…

You May Also Like

Editor's Pick

In the truncated week, the markets largely wore a corrective look as the key indices lost ground during the week. In the previous technical...

Editor's Pick

Walter Olson Two legal developments in the prosecutions of of former President Donald Trump have understandably commanded widespread attention in recent days, the start...

Editor's Pick

Good morning and welcome to this week’s Flight Path. The equity “Go” trend is over. We saw a pink “NoGo” bar following an amber “Go Fish”...

Editor's Pick

Colleen Hroncich Like many education entrepreneurs, Nicolette Siebert is a mom who was a classroom teacher before she created her own learning community. Her son started...

Copyright © 2024 WebinarExpertTeam.com All Rights Reserved.