View source for News/Savvy Games Group Cancels Embracer Deal

{{News
|seo_title=Savvy Games Group Cancels Embracer Deal
|seo_keywords=Savvy Games Group
|seo_description=Savvy Games Group Cancels Embracer Deal
|image=Gaming.png
|tags=Savvy Games Group, Embracer
|date=2023-08-15T16:08:33.000Z
|sources={{NewsSource
|source=Games Industry
|url=https://www.gamesindustry.biz/report-savvy-games-group-backed-out-of-2bn-deal-with-embracer
|article=Savvy Games Group Cancels Embracer Deal
}}
|author=Andura
|category=Drama,Business
|content=According to recent reports by Axios, Savvy Games Group canceled the strategic partnership deal with Embracer Group. The $2 billion deal ended due to external factors. Embracer Group CEO stated "They were already agreed and everything was done, ready to go. And the feedback, there is a strong belief in the deal on both sides. So, the decision is external factors from this transaction." It's been a rough night getting that decision when you have everything prepared presentation, communication and obviously, you have been working day and night, almost sometimes for half a year to achieve something."

Following the announcement Embracer Group went through a restructuring program to cut costs. The company recently shut down Campfire Cabal.
}}