One of Embracer's top executives resigns and announces his own gaming company at the same time

pcgamer.com:

Former Embracer Group chief operating officer Egil Strunke announced on LinkedIn today that he has formally resigned as the company's chief operating officer—essentially, Embracer's number-two guy—and that he's now launching an all-new game company of his own.

Strunke's departure was initially announced in June, a month after the last-minute collapse of a «groundbreaking strategic partnership» worth more than $2 billion. His replacement was named as Matthew Karch, formerly the CEO of Saber Interactive, one of Embracer's divisions. In his message today, Strunke confirmed that he formally resigned from Embracer last week.

«My history with the group spans across two four-year stints, first 2011-14—the early foundational days with acquiring assets from Jowood and THQ and planting the seeds to what we then didn’t know would become Embracer Group,» Strunke wrote. «Then returning 2019 to a sizzling, acquisitional hotbed where new entrepreneurs and exciting studios were added quarter by quarter. Growing employees 14x to 16.500 and revenue 8x to circa 40 billion SEK in four years has been an amazing experience and adventure.

»Although the last year has been rough, in line with general market changes and industry consolidation, I am positive that Embracer will come out stronger and with a long, bright future ahead of them."

In terms of public profile, Strunke isn't a Phil Spencer or a Randy Pitchford, but his departure from Embracer is noteworthy because of the «rough» past year he alluded to in his message. For about a three-year run, Embracer Group was an absolute beast on the acquisition front, hoovering up every mid-tier developer and publisher it could reach, including some big players like Koch Media, Gearbox, Tripwire