Embracer CEO Lars Wingefors has acknowledged it’s “way too early” for the company to “start talking about” acquiring new studios.
Talking to investors – as transcribed by RPS – Wingefors said that after shedding 1300+ jobs, cancelling dozens of games, and shutting down studios like Timesplitters developer Free Radical and Saints Row dev Volition, the team’s “highest focus and priority” was to “increase profitability and cashflow generation by simply making better products and games”.
“Looking to do more [mergers and acquisitions] deals – I think it’s way too early to start talking about restarting the M&A engines again,” Wingefors said when asked about future acquisitions.
