Embracer, Owner Of Saber, Plaion And Milestone, Extends Credit To 2025 While Working To Pay Off Remaining $1.4 Billion Debt

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Master of Web
Staff member
Embracer Group today announced that they have agreed with various lenders to extend their credit windows to 2025 while they continue working on cost reductions. The company, which has made significant progress by making mass layoffs and closing various studios, had appeared to overspend significantly the past few years and has blamed the failure of a $2 billion deal that fell through earlier this year for their current situation. There has currently been no word on whether in-house games like SnowRunner, Expeditions, Dakar Desert Rally, MotoGP or the SBK franchise were affected by the financial status of the company, but

 

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