Campfire Cabal Shut Down by Embracer Group

Campfire Cabal Shut Down by Embracer Group

Business

07 August 2023 13:48

Embracer Group shut down Campfire Cabal Studio. The news was first shared by producer Bruno Christian Belibou. Following the news Campfire Cabal released a statement and stated "As most of you must already be aware, the Embracer Group has recently entered restructuring. As part of this restructuring process, THQ Nordic has been told to close Campfire Cabal. This decision was not related to the work we've been doing at the studio but was made from a purely financial standpoint. We want to make it clear that our management and the rest of the team have not given up on Campfire Cabal yet, and neither have our friends at THQ Nordic. We are still pursuing our options for finding a good resolution to this situation, and THQ Nordic has been very supportive throughout this difficult time."

"You may see more of our team members begin to openly look for new work in the coming days. We have actively encouraged our team to start job-seeking now since the process of finding work can be slow, and we don't want anyone to have to consider the needs of our company over their own."

Tags: Embracer Group

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Embracer Group Pays Back $300m

Embracer Group announced that they paid $300m of debt. The group informed lenders about the repayment, marking progress towards...

Uncategorized

Jun 21, 2024

Embracer Group to Divide into 3 Companies

Swedish gaming giant Embracer Group, revealed on Monday its intention to divide into three separate entities: Asmodee Group, Coffee...

Business

Apr 23, 2024

Take-Two Acquires Gearbox

Take-Two Interactive has announced its acquisition of Gearbox, from Embracer Group for a sum of $460m. The acquisition...

Business

Mar 28, 2024

Saber Interactive Sold for $247m

Embracer Group AB has agreed to sell certain assets from Saber Interactive for a total purchase price of $247m....

Business

Mar 15, 2024

505 Games Shuts Down Studios Across Europe

505 Games, as part of its ongoing restructuring efforts, has revealed intentions to close down its offices located in...

Uncategorized

Mar 01, 2024

Campfire Cabal Shut Down by Embracer Group

Business

07 August 2023 13:48

Tags: Embracer Group

Embracer Group shut down Campfire Cabal Studio. The news was first shared by producer Bruno Christian Belibou. Following the news Campfire Cabal released a statement and stated "As most of you must already be aware, the Embracer Group has recently entered restructuring. As part of this restructuring process, THQ Nordic has been told to close Campfire Cabal. This decision was not related to the work we've been doing at the studio but was made from a purely financial standpoint. We want to make it clear that our management and the rest of the team have not given up on Campfire Cabal yet, and neither have our friends at THQ Nordic. We are still pursuing our options for finding a good resolution to this situation, and THQ Nordic has been very supportive throughout this difficult time."

"You may see more of our team members begin to openly look for new work in the coming days. We have actively encouraged our team to start job-seeking now since the process of finding work can be slow, and we don't want anyone to have to consider the needs of our company over their own."

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Embracer Group Pays Back $300m

Embracer Group announced that they paid $300m of debt. The group informed lenders about the repayment, marking progress towards...

Uncategorized

Jun 21, 2024

Embracer Group to Divide into 3 Companies

Swedish gaming giant Embracer Group, revealed on Monday its intention to divide into three separate entities: Asmodee Group, Coffee...

Business

Apr 23, 2024

Take-Two Acquires Gearbox

Take-Two Interactive has announced its acquisition of Gearbox, from Embracer Group for a sum of $460m. The acquisition...

Business

Mar 28, 2024

Saber Interactive Sold for $247m

Embracer Group AB has agreed to sell certain assets from Saber Interactive for a total purchase price of $247m....

Business

Mar 15, 2024

505 Games Shuts Down Studios Across Europe

505 Games, as part of its ongoing restructuring efforts, has revealed intentions to close down its offices located in...

Uncategorized

Mar 01, 2024