Embracer Decides To Split Up, Names New Companies Things Like 'Middle-earth Enterprises & Friends' [Yahoo! Finance]
Roblox Corporation Class A (RBLX)
Company Research
Source: Yahoo! Finance
The Swedish holding company is splitting itself into three new entities. The one in charge of the Lord of the Rings IP and Tomb Raider will be called Middle-earth Enterprises & Friends. “This transformation is an important step in unlocking shareholder value,” Embracer Group board chair, Kicki Wallje-Lund, said in a press release . The second entity will be Asmodee, the French board game maker Embracer purchased in 2022 for nearly $3 billion, which will be in charge of all the tabletop-related products. The third will be Coffee Stain & Friend, which will include basically everything else from indie and AA budget projects to free-to-play and mobile games (one of its studios makes stuff exclusively for Roblox Each of these new business groups will be traded separately on Nasdaq Stockholm with Asmodee getting a $956 million loan from JP Morgan and others that will help “deleverage” the rest of Embracer Group—i.e. erase some of its leadership's worst excesses and mismanagement of the
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RBLX
Earnings
- 2/7/24 - Beat
RBLX
Sec Filings
- 5/1/24 - Form 4
- 4/26/24 - Form 4
- 4/24/24 - Form 144
- RBLX's page on the SEC website