Embracer has divested another two studios from its sprawling portfolio. Arc Games and Cryptic Studios have been purchased by a new entity, Project Golden Arc, which is lead by members of the Arc Games management team and funded by Hong Kong firm XD Inc.
It’s interesting to see Embracer making strategic changes to its portfolio. Divesting studios like Arc Games and Cryptic Studios could lead to new opportunities for both the companies and Embracer. Looking forward to seeing how this decision impacts the industry!