Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal
Embracer Group AB is a Swedish video game and media holding company based in Karlstad. The company was established under the name Nordic Games Licensing in 2011 as part of Nordic Games Group and as the parent of publisher Nordic Games GmbH.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal"SABER INTERACTIV SGS" LLC (tax id 7802705343) - local entity in Russia. Embracer Group will sell selected parts of Saber Interactive for SEK 2.52 billion ($247 million) to Beacon Interactive, controlled by Saber co-founder Matthew Karch. The Saber divestment would also allow the Swedish holding company to wind down all operations in Russia, home to Sabre's largest office, which it said would "immediately" improve its cash flow, reduce capital spending, net debt and future liabilities. Embracer granted more time to wind down its Russian operations.
Received revenues in Russia in 2021-2022. Officilally announced that "Embracer does not have any direct consumer sales in Ukraine, Russia, or Belarus. Consumer sales are made through third-parties which has historically represented approximately 1% of our global net sales." Embracer’s $247 million sale of Saber Interactive detailed: divested studios, games, and exit from Russia.