LogInThat's the current strategy the company has – "making better products and games".
Image credit: Eidos Montreal, Deus Ex: Mankind Divided
As Embracer sold Gearbox Entertainment to Take-Two Interactive Software for $460 million, it seems that now the company is doing much better than when it lost $2 billion in a collapsed deal and is ready to finish its merciless restructuring program.
The restructuring Embracer held affected over 1,400 employees, who were left with no job, and many studios, such as Free Radical Design and Volition, closed their doors for good because of the shutdowns.
"We are ending the restructuring program now, end of March, and the Gearbox restructuring process has been part of that program," CEO Lars Wingefors stated in a recent investors call. "Now we are getting approached, I would say not quite daily, but on a weekly basis, by companies that would like to acquire certain assets within the group. And I've been very clear that they're not for sale, because they're a very important part for the group and for the shareholders of the group going forward."
As for now, the company plans to focus on increasing "profitability and cashflow generation" by simply "making better products and games", as thanks to the restructuring processes, Embracer saved the "most iconic studios and IPs", and apparently, got rid of the ones that aren't, in their opinion. Well, let's wait and see what the future holds for the company.
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