After nearly a year of layoffs and companies like Saber Interactive and Gearbox Entertainment departing, the Embracer Group has announced that it will split into three publicly listed companies operating as standalone entities. The companies in question are Asmodee Group, Coffee Stain and Friends and Middle-earth Enterprises and Friends.
This move will enable each “to better focus on their respective core strategies and offer more differentiated and distinct equity stories for existing and new shareholders” and “unlock value in the high-quality assets of Embracer Group following the successful completion of the restructuring program.”
Asmodee Group’s tagline will serve as the “global leading tabletop games publisher and distributor with an extensive studio network and intellectual property catalog.” Coffee Stain and Friends is a “diverse gaming entity” focusing on single-A and double-A premium and free-to-play titles on consoles, PC and mobile with a “high degree of recurring revenues.”
Finally, Middle-earth Enterprises and Friends will be a “creative powerhouse” in triple-A game development and publishing for PC and consoles while serving as “the stewards of The Lord of the Rings and Tomb Raider intellectual properties, among many others.” On Nasdaq Stockholm, the Embracer Group is being named to Middle-earth Enterprises and Friends, with shares for the remaining two entities to be distributed as dividends to shareholders. Asmodee’s listing and distribution will occur within 12 months, while Coffee Stain’s is scheduled for the 2025 calendar year.
As for co-founder and CEO Lars Wingefors’s role, he will form a “new long-term ownership structure that includes the current holdings in Embracer Group.” In a press release, Wingefors said, “The Board of Directors, together with executive management, propose to transform Embracer Group into three separate, listed companies.
“This transformation is an important step in unlocking shareholder value. With this new structure,
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