Embracer Group Sells Off Two Studios As Its Acquisition Spree Dies Down

A few years ago, around the same time that Xbox's Activision deal was going through, Embracer Group went on a bit of a spending spree of its own, scooping up loads of studios from Square Enix and more. Major downsizing has happened since though, as Embracer struggled to handle so many different teams - and now two more studios have been sold off.

Announced in a press release today, Arc Games (the publisher behind the Remnant series) and Cryptic Studios (the developer of Neverwinter and Star Trek Online) have been divested in the latest Embracer restructure. Embracer Group will retain the rights to Remnant, which will be published by spin-off organisation THQ Nordic in future.

Another series that Embracer will cling onto as part of this sale is online dungeon crawler Fellowship, also previously of Arc Games. That one will be distributed under Embracer's Coffee Stain label in future - although Arc Games will continue to be listed as co-publisher for the time being.

The full details of the business update have been shared in the press release link up above, and you can take a look through it if you'd like any further nitty-gritty detail on this. We must admit that some of this business jargon goes above our heads, but the long and short of it is that Embracer is letting two more of its game companies go despite massive acquisition efforts in recent years.

Thoughts on this latest bit of industry news, folks? Chat with us about Embracer Group down below.