Embracer Group’s buying craze is far from over.
While Middle-earth Enterprises is in the process of joining the Embracer Group through the new Embracer Freemode operating group, Europe’s leading video game player has once again put millions of dollars on the table to shore up its takeover of Limited Run. Games, Singtrix, Bitwave Games, Tuxedo Labs, Tripwire Interactive, Gioteck and Tatsujin.
Embracer Group Q1 FY 22/23 Interim Report: Net sales increased by 107% to SEK 7.118 million.
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— Embracer Group (@embracergroup) August 18, 2022
Lars Wingefors, co-founder and CEO of Embracer Group, said:
Now we are getting even better. I am delighted to welcome a wonderful group of companies led by renowned entrepreneurs into the Embracer family and expand our portfolio with truly remarkable IP rights and franchises. It is encouraging to see that our group has become a natural and preferred customer for creative, growing and profitable gaming and entertainment companies. Several discussions with the companies that joined us went on for more than three years before the stars aligned today, highlighting the importance of a long-term perspective in building our group.