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An update from Embracer Group AB ( ($SE:EMBRAC.B) ) is now available.
Embracer Group AB has announced the divestment of Arc Games and Cryptic Studios to Project Golden Arc, Inc., backed by XD Inc., for USD 30 million. This move allows Embracer to concentrate on its strategic assets, retaining rights to the Remnant franchise and the multiplayer game Fellowship, which will be part of the Coffee Stain Group spin-off, enhancing its focus on profitability and core intellectual properties.
The most recent analyst rating on ($SE:EMBRAC.B) stock is a Buy with a SEK122.00 price target. To see the full list of analyst forecasts on Embracer Group AB stock, see the SE:EMBRAC.B Stock Forecast page.
More about Embracer Group AB
Embracer Group AB is a Swedish company operating in the video game industry, focusing on strategic assets and core intellectual properties. The company is known for its diverse portfolio of game development studios and publishing rights, including popular franchises like Remnant.
Average Trading Volume: 713,261
Technical Sentiment Signal: Sell
Current Market Cap: SEK18.73B
Find detailed analytics on EMBRAC.B stock on TipRanks’ Stock Analysis page.