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Embracer Group AB (publ) (THQQF)

Other OTC - Other OTC Delayed price. Currency in USD
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2.7600-0.0400 (-1.43%)
At close: 10:04AM EDT
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  • Yahoo Finance Video

    Meta opens up Quest operating system, Embracer Group to split

    Mark Zuckerberg, CEO of Meta (META), took to Instagram on Monday to reveal the details of "Meta Horizon OS." Zuckerberg announced that the software platform designed to power the company's Quest virtual reality headset lineup will now be open for software developers to build applications and other hardware tailored for the operating system. Yahoo Finance's Dan Howley breaks down the details of Meta's announcement. He also provides insights into Embracer Group (EMBRAC-B.ST) splitting into three companies.  For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith

  • AFP

    'Tomb Raider' owner Embracer splits into three companies

    Sweden's Embracer, owner of the "Tomb Raider" franchise, announced Monday it would split into three separate companies in a major reset for one of Europe's biggest video game groups.Following a major acquisition spree, the company -- which is based in the city of Karlstad in western Sweden -- has become the owner of a slew of video game franchises as well as board games and even comic books.

  • Reuters

    Swedish gaming group Embracer to split into three listed companies

    STOCKHOLM (Reuters) -Swedish gaming group Embracer plans to split into three separate listed companies, and has secured new financing to cut debt, the owner of the Tomb Raider franchise said on Monday, boosting its shares. Hit by development delays, weak demand, bad reception for some new games, and the collapse last year of a planned strategic partnership, Embracer's share price has fallen some 80% from its 2021 peak. Embracer, which in February warned it may miss its debt reduction target, said the three new companies would be called Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends.