Stunned Embracer CEO has to deliver financial report right after $2 billion mystery deal falls apart: ‘It’s been a rough night’

It was a bad day for low-key gaming colossus Embracer Group, which announced in its full-year financial report that a “groundbreaking strategic partnership” worth more than $2 billion had fallen through at the last minute.

Embracer didn’t name the other company involved in the planned partnership, but said that a verbal commitment to the deal, which “would have set a new benchmark for the gaming industry,” was secured in October 2022. 

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