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Not surprising given how rapidly they overreached, but it's concerning they are selling off one of their most competent studios first. I'm guessing the Embracer wants to end up more a holding company of IP rights and get out of active video game development for the most part.
They were banking on a $2bn deal with the Saudi Game fund but that fell through, so that's when they started with the layoffs shutting Volition and now possibly selling Gearbox.

