The long and short of it is Embracer has spent its entire existence as a consumption entity, buying every IP and studio it could get its hands on, with the intention of being a gaming publisher juggernaut. This was all done on ZIRP-era credit.

They then proceeded to run it into the ground. Waves of layoffs and studio closures, mismanagement, and a credit crunch that ultimately debilitated the company.

In other words, from the outside anyway, it looks like a classic Private Equity layup and cashout.

Do not trust the Embracer Group.