Some more insight on Embracer Group $EMBRAC's cancelled deal:— EmbracerInvestor (@EmbracerInvest) May 24, 2023
- 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
Embracer was being offered $2 billion dollars for development over 6 years.