Hacker News new | ask | show | jobs
by biglyburrito 406 days ago
Sorry, but I don't trust Embracer with being a good steward of games in any capacity.

https://en.wikipedia.org/wiki/Embracer_Group#History

1 comments

Is there something specific in that corporate saga you're referring to?

I'm not inclined to trust corporate do-gooding either, but it would be nice to have some detail.

The long and short of it is Embracer has spent its entire existence as a consumption entity, buying every IP and studio it could get its hands on, with the intention of being a gaming publisher juggernaut. This was all done on ZIRP-era credit.

They then proceeded to run it into the ground. Waves of layoffs and studio closures, mismanagement, and a credit crunch that ultimately debilitated the company.

In other words, from the outside anyway, it looks like a classic Private Equity layup and cashout.

Do not trust the Embracer Group.

So their name is a hint at “ Embrace, (extend), and extinguish”?
...damn, that's a good one!
Well, for starters, partially owned by the Saudi state. It might be common to take a lot of money from them, but I personally think it’s morally wrong
So they embrace game developers, then cut them up into small pieces with a bone saw?

Then they disposed of the Pieces Interactive by feeding them to Piranha Bytes!

The whole history of that company is just a big list of flags. It’s depressing how many good studios are owned by these people.