EG7 has announced its intent to sell its subsidiary Innova, known for localizing and publishing MMO games in Russia. The Swedish holding company set the purchase price at €32 million.

New Swedish publisher Kinda Brave has been officially launched today. Its main focus is to support small indie developers, help them produce quality games, and maintain a healthy and inclusive working environment.

Embracer Group, which has more than 100 internal studios and publishers, is planning more acquisitions. It is, however, getting more selective in choosing potential M&A targets.

The latest internal survey highlighted problems with the work culture within Paradox Interactive, including mistreatment and gender discrimination. However, it wasn’t the reason for the recent resignation of the company’s CEO Ebba Ljungerud.

Arrowhead Game Studios, known for games like Magicka and Gauntlet, has made an investment in Mind Detonator. It is a development incubator that helps aspiring devs who live outside big cities.

Embracer Group has joined Interactive Software Federation of Europe (ISFE), the independent federation, representing the interests of the European video game industry.