Embracer $2 billion development deal cancelled after 7 months of negotiation

[the-pi-guy]

Embracer was being offered $2 billion dollars for development over 6 years.

Some more insight on Embracer Group $EMBRAC's cancelled deal:

- verbal commitment in Oct 2022
- more than $2 billion in contracted development over 6 years
- would have included a catch-up payment that would've impacted profits
- management received the bad news late last night pic.twitter.com/ZwBjn0hOHV

— EmbracerInvestor (@EmbracerInvest) May 24, 2023