When people think of big video game publishers/companies, they usually think of EA, Activision, and Ubisoft. While some might not think of the Embracer Group (formerly known as THQ Nordic) right away, that might change soon, as the Swedish video game company is seeking to add a ton more studios under its wing!
During its latest earnings report, Lars Wingefors, CEO of the Embracer Group, mentioned that the company has “engaged” in more than 150 companies to acquire, with more than 20 in “late-stage talks.”
During the quarter (ending March), we have engaged with more than 150 companies about joining the group, including larger companies that could form additional operating groups and have significant impact on the group as a whole. Across the group, we are in more than 20 late-stage talks.
Earlier this year, Embracer Group announced its acquisition of Gearbox, developers of the Borderlands franchise. Who do you think the Embracer Group will acquire next? With 20 in late-stage talks. we’ll likely hear a new acquisition soon.