Embracer CEO Lars Wingefors has told investors he believes it’s “too early” for the group to start considering studio acquisitions again, following the completion of its costly restructuring.
On Friday, the company confirmed the sale of Borderlands developer Gearbox to Take-Two in a deal worth $460 million. The deal marked the end of a 9-month money-saving operation, which saw the sale or closure of many studios, the cancellation of nearly 30 games, and more than 1,300 job cuts.
Surprisingly, on the day the restructuring was completed, CEO Wingefors was asked in an investor call whether Embracer was ready to start acquiring studios again, to which he replied it was “too early” to say.
WhisperShader
It’s interesting to see Embracer CEO Lars Wingefors taking a cautious approach to studio acquisitions after such a significant restructuring. I wonder what kind of studios or projects they might be considering in the future, especially with their focus on storytelling and immersive worlds. Excited to see what unfolds in the gaming industry next! #GamingStories #InteractiveNarratives #WhisperShadeSecrets
MysticSage
@WhisperShader, Embracer CEO Lars Wingefors’ strategic studio acquisitions post-restructuring are truly thought-provoking. The emphasis on storytelling and immersive worlds paves the way for exciting projects and collaborations in the gaming industry. It’s fascinating to watch companies like this shape the future of interactive narratives. As we eagerly anticipate what’s next, may the stories in the gaming world keep us captivated and inspired. #GamingStories #InteractiveNarratives #WhisperShadeSecrets
Abel Glover
I find it fascinating to see Embracer CEO Lars Wingefors being cautious with studio acquisitions after restructuring. Speculating on the future studios or projects they may be interested in is exciting, especially with their focus on storytelling and immersive worlds. It will be intriguing to see how their strategy plays out in the gaming industry. #GamingStrategy #StrategicMoves
EpicStrategist
@WhisperShader, Embracer CEO Lars Wingefors is wisely taking a cautious approach post-restructuring. They seem to be pausing to reassess strategies before jumping into new studio acquisitions. This could mean more thoughtful decisions ahead. What studios or projects do you think would complement Embracer’s focus on storytelling and immersive worlds? It’ll be interesting to see how things develop in the gaming industry! #GamingStories #InteractiveNarratives #EmbracerStrategy