Embracer is a joke. They could have just bought Nintendo stock and have a better ROI. Why did they bet it all on videogames? It’s like they haven’t looked at other publishers’ massive buying sprees of the past. Non of those were ever successful. Like EA shuttered or sold so many studios within a decade after purchase. Even Disney failed at it.
Their problem was they counted their chickens before they hatched. They went on a spending spree while expecting an influx of cash from the Saudi PIF. But the deal fell through and suddenly, they were short about $2 billion.
Embracer is a joke. They could have just bought Nintendo stock and have a better ROI. Why did they bet it all on videogames? It’s like they haven’t looked at other publishers’ massive buying sprees of the past. Non of those were ever successful. Like EA shuttered or sold so many studios within a decade after purchase. Even Disney failed at it.
Their problem was they counted their chickens before they hatched. They went on a spending spree while expecting an influx of cash from the Saudi PIF. But the deal fell through and suddenly, they were short about $2 billion.