Lars Wingefors Sweden Party CEO Ball Lars Wingefors Sweden

Embracer $2bn partnership fell apart due to outside factors

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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.

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