Saudi Arabia’s wealth fund invests $1 billion in Embracer Group, becomes its second-largest owner
Savvy Gaming Group, established by Saudi Arabia’s Public Investment Fund, has acquired a $1 billion stake in Embracer Group. This marks its second large investment in the Swedish games industry this year.
Embracer Group to acquire Eidos and Crystal Dynamics, as well as Deus Ex and Tomb Raider rights for €300 million
Embracer Group continues its expansion by entering into an agreement to acquire several studios and IPs from Square Enix. The list includes Tomb Raider developer Crystal Dynamics and Deus Ex maker Eidos Montreal.
Gearbox to snap up Tiny Tina co-developer Lost Boys Interactive, adding new studio to Embracer family
Gearbox Entertainment has entered into an agreement to fully acquire Lost Boys Interactive, a studio known for helping with the Tiny Tina’s Wonderlands development. This deal will contribute to Embracer Group’s expansion.
Epic Games raises $2 billion from Sony and LEGO parent company KIRKBI at $31.5 billion valuation
Epic Games has closed a $2 billion round of funding with participation from Sony and KIRKBI. The company will use the money to advance its vision to “build the metaverse and support its continued growth.”