Embracer Sells Game Studios, Keeps Key Assets

Embracer, the Swedish gaming giant, sells Arc Games and Cryptic Studios to Project Golden Arc, backed by Chinas XD. Despite the sale, Embracer retains publishing rights for Remnant and transfers Fellowship rights to Coffee Stain Group. This move is part of Embracers restructuring, aiming to divide into three companies, with a focus on core assets and profitability.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.