TTWO - Embracer Group's Shares Soar After Split Announcement: Strategic Restructuring Unveiled | Benzinga
Embracer Group AB (OTC:THQQF), the Swedish gaming conglomerate, is undergoing a split into three distinct companies: Asmodee Group, Coffee Stain & Friends and Middle-earth Enterprises & Friends.
Shares of the company known for owning rights to popular franchises like Tomb Raider and The Lord of the Rings, surged by up to 18% upon opening trading in Stockholm following the announcement.
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Under the plan, Asmodee Group will oversee tabletop games publishing and distribution, with an anticipated listing within the next 12 months.
Meanwhile, Coffee Stain & Friends will focus on indie and free-to-play games for various platforms, with a stock listing expected ...