The $2 billion strategic partnership that Swedish games giant Embracer Group was set to ink but fell apart did so due to outside factors.
That's according to CEO Lars Wingefors, who told investors – as reported by Seeking Alpha – that the yet unnamed party pulled out to "other decisions impacting" them. "I think it was nothing against the transaction itself," Wingefors told one investor. "I think there was a strong message that it made perfectly sense.
So, it was other decisions impacting them than the agreement itself and our work in this. And obviously, it was some kind words that when things changes in the world or for them, but I don't think it's right this morning to send that kind of positive things now.
I think now we just need to deal where the ball is, and let's see if that could be." The CEO reiterated this to another investor: "Well, it was nothing to the commercial terms.Read more on pcgamesinsider.biz
Are you looking for the latest updates in the world of gaming? Look no further than Game Bastion! We are your ultimate source for game news, reviews, and insights on the hottest titles in the industry. Our team of gaming experts is dedicated to providing you with the most accurate and up-to-date news on the latest releases and developments in the gaming world.
From the latest consoles to PC gaming and mobile games, we cover it all. Whether you're a hardcore gamer or a casual player, we have something for everyone. Our in-depth reviews and analysis will help you make informed decisions about your next gaming purchase, and our insider news and interviews with developers will give you a behind-the-scenes look at the gaming industry.
Stay ahead of the curve with our comprehensive coverage of gaming events, conferences, and expos. Our team is always on the ground, bringing you the latest news and updates straight from the source. At Game Bastion, we're passionate about gaming, and we know you are too.
That's why we're committed to bringing you the best game news and insights, so you can stay on top of the latest trends and developments in the gaming world. Join our community today and stay up-to-date with the latest in game news!