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We bought all these studios, slashed their budgets, made their projects boring, and now no one is buying them! Time to lay off the workers and boost exec salaries!
Who? What did they make?
EDIT: It seems like they were a support studio, and only worked on games other studios made?
Embracer should divest the studios so they can do their own things.
They wanted the IP from most of them. And there is a ton of well known IP that they have now.