(Created page with "{{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=Ac...") |
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|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." | |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. | Following the announcement Embracer Group went through a restructuring program to cut costs. The company recently shut down Campfire Cabal. | ||
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Latest revision as of 16:15, 15 August 2023
Written by Dante Uzel on 15 August 2023 16:08
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.
Tags: Savvy Games Group Embracer
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