Embracer Group has been in the news a lot lately for a variety of reasons. Some of these have been good while others haven't been so great for the developer and publisher. The last of this news had to do with the company announcing that their stocks were plummeting which resulted in a lot of game cancellations and employee layoffs. It was also explained that a $2 billion deal that was seven months in the making had gone under, though no information about what sort of deal this was had surfaced.
Now, it has been revealed that the deal was with Savvy Games Group. It is unclear as to why the latter walked away from the deal, but it is known that CEO Brian Ward is a proponent of the idea that Saudi Arabia will become the world's next gaming hub. It is also known that Savvy is backed by the controversial Saudi Arabia Public Investment Fund which is owned and led by Mohammed bin Salman.
Considering that, it is possible that there was a sort of ethical issue going on considering that developers like Nintendo and EA have attracted criticism for working with the same company. It is said that Savvy has a track record of human rights abuses that could have made the deal more difficult to close.
Check back with DailyGamer for more news and information about Embracer Group! Consider checking us out on Twitter @realDailyGamer and tell us what else you'd like to see from us!
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7. What does “opt-in” mean?
8. What else should I know about my privacy?
9. Other legal notices.
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