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_modificationDate | Datetime | 2023-08-15 4:15:14 PM |
_pageID | Integer | 2,914 |
_pageName | Page | Savvy Games Group Cancels Embracer Deal |
_pageTitle | String | News/Savvy Games Group Cancels Embracer Deal
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_pageNamespace | Integer | 0 |
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source | Page | Games Industry |
url | String | https://www.gamesindustry.biz/report-savvy-games-group-backed-out-of-2bn-deal-with-embracer |
"News" values
1 row is stored for this page
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image | File | | |
image_alt | String | | |
tags | List of String, delimiter: , | | Savvy Games Group • Embracer |
targets | List of Page, delimiter: , | | |
date | Datetime | | 2023-08-15 4:08:33 PM |
author | Page | | Dante Uzel |
category | List of String, delimiter: , | Transfer Market · Drama · Business · Companies · Hires · Investments · Mergers and Acquisitions · Sponsorships · More | Drama • Business |
game | List of String, delimiter: , | Age of Empires · Apex Legends · Brawl Stars · Call of Duty · Counter Strike · Dota 2 · FIFA · Fortnite · Hearthstone · League of Legends · Mobile Legends · NBA 2K · Overwatch · PUBG · PUBG Mobile · Rainbow Six · Rocket League · Smash · Starcraft II · Valorant · Warcraft III · World of Warcraft · Wild Rift | |
content | Text | | 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. |
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