www.tweaktown.com
The CEO was trying to pull a scam
They wanted to get sold to Saudis.
It shouldn't be allowed to buy up studios left and right if you close them down by the dozens.
Joking aside...
wtf..
couldnt they manage those games or studios or even merg them instead of firing all of those people?
With so many devs and teams it should be possible to release alot of games and keep them..
It is shocking to see how these big companies manage all of those studios...
Quality over Quantity there, sadly.
Yeah in one swoop they outdid 20 years of shit behavior. Honestly impressive on some level
You have to wonder what his end game was? He scams the Saudis, gets their money while they get a whole load of vaporware and some decent IP's and then what? Works with them while apologizing? Runs off into the sunset? Either way they are going to want the wasted cash back.
Golden parachute and retirement would be my guess. That happen to my last CEO, he sold our company, stayed on for 3 weeks to see the hand over, then jumped out and retired to the Bahamas. 1 year later the company was in such shambles everyone got let go and the IP was sold for pennies on the dollar just to keep from causing more damage to the parent company that bought us. Luckily I left before things turned south.
Isn’t this just tales from your ass?
Right I get that but the investment was supposedly for Billions of dollars. That's surely "Dies in a traffic accident" retaliation levels of money if someone has deliberately deceived you and you are likely substantially richer and connected to a guy known to have put a hit on someone (allegedly).
Not sure where the scam stuff is coming from but it’s all just classic holding company behavior.
www.theverge.com
that's sad I wish they would have gone through with it. I would have enjoyed a lord of the rings game even if it was mediocreSaudi group reportedly abandoned $2 billion deal with the Lord of the Rings game company
The Saudi government has been moving into gaming.
I’m talking about your claim that they tried to “scam” them. The fact deal feel through is public knowledge.Saudi group reportedly abandoned $2 billion deal with the Lord of the Rings game company
The Saudi government has been moving into gaming.
"Embracer CEO Lars Wingefors issued a statement in 2022 insisting that the company’s Swedish values were “unwavering” after the group was criticized for accepting the Saudi group’s investment"Saudi group reportedly abandoned $2 billion deal with the Lord of the Rings game company
The Saudi government has been moving into gaming.
They have announced (even the article mentions that) the cuts immediately following the deal falling through. That in my opinion tells you the org was not sustainable without outside money aka a scam, or if you want “pretending you are someone you are not”.
So tales from your ass.
Phil you know what to do.Embracer has laid off 4,857 workers, cancelled 74 games, and closed 36 studios in the last year
Embracer Group's latest Q2 2024 earnings report gives a sobering look at full extent of the company's cost-cutting that led to layoffs, cancellations.
Nice going fam
Well, unlike Shitbracer, EA wasn't founded for one purpose and one purpose only - buy a ton of studios and big IPs, announce a few big games and then sell the whole company with all of the studios and projects at a HUGE profit.
