- Embracer was in 1.5 billion USD of debt as of december
- Embracer's goal is to reduce that figure to 750 million USD by the end of this month, but they consider it "unlikely"
anyway with that info in mind, I guess they sold gearbox
I'm a game developer, professionally!
You may know me from things like: Where the Water Tastes Like Wine, The Museum of Mechanics: Lockpicking, Gone Home, Bioshock 2, or maybe something else.
Right now I work as a Technical Narrative Designer at Remedy Entertainment in Stockholm, Sweden
Perhaps there are other aspects of my personality that may also be revealed here on this website
anyway with that info in mind, I guess they sold gearbox
who knew that the strategy of buying everything all at once might have some downsides
So their strategy really was "Let's load up on debt by buying every studio and IP we can and then get Saudi Arabia to bail us out."