Saber Founder Thinks Embracer's CEO Gets Way Too Much Criticism

Karch also confirmed that the $2 billion deal between Embracer and Savvy Games Group, a Saudi Arabian investment firm, fell through in May 2023. 

Karch explained that Embracer didn’t actually need this deal, but felt pressured by the market’s demand for rapid and substantial expansion at that time. Therefore, the company sought to finalize an agreement in the hopes of boosting its financial stability.

Although Embracer had high hopes for the deal with Savvy Games Group, Karch admits that the company may have relied too heavily on it. While preparing for this partnership, certain divisions within Embracer halted their operations instead of actively seeking other potential partners.

Nevertheless, Karch reported that Embracer’s management has since been able to address and resolve the situation.