Embracer Group has been consistently in discussion for its rapid shuttering and shedding of studios over the last months and years while it tried to wrangle its finances following a spree of acquisitions. The Company has now announced that it is splitting off into three separate, listed companies.
The move will see Embracer transform into three different brands – “Asmodee,” “Coffee Stain & Friends” and “Middle-earth Enterprises & Friends”.
“The Board of Directors, together with executive management, propose to transform Embracer Group into three separate, listed companies. This transformation is an important step in unlocking shareholder value. With this new structure, the three entities will be able to focus on executing their core strategies and leveraging their own strengths, providing more differentiated and distinct equity stories to both existing and new shareholders. After careful evaluation of various strategic alternatives, we strongly believe that this decision will benefit all stakeholders and position us for continued success in the future,” says Kicki Wallje-Lund, Chair of the Board of Embracer Group in a press release.
Asmodee, an international publisher and distributor of board games, trading cards, and digital board games, was acquired by Embracer in 2022. Asmodee will now become its own traded entity and continue to do what it does best.
Embracer is splitting into three companies:
-Asmodee Group
-Coffee Stain & Friends
-Middle-earth Enterprises & Friendhttps://t.co/WzwDJvAKzv pic.twitter.com/Suwa9qGfqU— Wario64 (@Wario64) April 22, 2024
Meanwhile, Coffee Stain & Friends will represent a bit of a variety bag of developers and IP across PC, consoles and mobile with everything from F2P and live service to indie and AA, and will include brands like Coffee Stain, Ghost Ship, Tarsier, Tuxedo Labs, as well as THQ Nordic and Amplifier Game Invest under a “Premium” segment with another “Free-To-Play” segment taking care of more mobile-focused properties.
Lastly, Middle-earth Enterprises & Friends will be pretty much what it sounds like – AAA development for IP like The Lord of the Rings, Tomb Raider, Dead Island, Kingdom Come: Deliverance, Metro and more, and will include studios such as Crystal Dynamics, Dambuster Studios, Eidos-Montréal, Flying Wild Hog Studios, Tripwire, Vertigo Games, Warhorse Studios and 4A Games among others.
This comes on the legs of Embracer Group divesting GearBox Software to Take-Two Interactive for $460 Million & also agreed to divest selected assets from the operative group Saber Interactive back in March.
