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11 months ago

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Breakingviews - Embracer's standalone pitch hits the right buttons

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Breakingviews - Embracer's standalone pitch hits the right buttons

Sweden's Embracer is entering a new phase. The $3 billion video-game holding company announced on Tuesday that it would slash costs and investments to achieve a more “stable future”. For CEO Lars Wingefors' investors, it's a welcome acceptance of reality. The maker of hit games such as “Dead Island 2” saw its share price rocket by almost 1,000% between 2018 and May 2021 as it gobbled up gaming rivals.

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Breakingviews - Embracer's standalone pitch hits the right buttons

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Breakingviews - Embracer's standalone pitch hits the right buttons

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