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Embracer Group in "late-stage" acquisition talks with more than 20 developers

Published: 08:10, 20 May 2021
Embracer Group
artwork showing Embracer Group logo and games
Embracer Group

Embracer Group, the parent company of THQ Nordic and Deep Silver are looking to acquire even more studios. The CEO of the company has revealed that they are in "late-stage talks" with more than 20 studios about a potential acquisition.

Embracer Group own eight operative groups consisting of 68 internal studios, making them one of the biggest if not the biggest video game holding company, in terms of the number of owned studios. However, it looks like the company are looking to acquire even more developers.

It's been confirmed by the company that they have been talking to more than 150 companies about a potential acquisition. The company has "late-stage talks" with more than 20 studios.

"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 a significant impact on the group as a whole. Across the group, we are in more than 20 late-stage talks," said Embracer Group CEO Lars Wingefors.

THQ Nordic Hero from Biomutant posing with his sword on his shoulder Biomutant

It looks like we can expect some acquisition announcements very soon as the deals are in the closing stages. At the moment, there are no names but given how serious Embracer is about their business, we would say some big surprises are coming.

If we had to guess, we would say Crytek seems like an ideal candidate for the acquisition with their franchises Hunt: Showdown and Crysis as well as tech like CryEngine. This is just speculation though, so don't take it too seriously. 

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