Embracer Group is a holding company that possesses different publishers and many game improvement studios, for example, Aspyr, Saber Interactive, THQ Nordic.
Embracer Group reported that it is procuring The Lord of the Rings and The Hobbit IP for an undisclosed sum.
Embracer Group is likewise getting Bitwave Games, Giotek, Limited Run Games, Singtrix, Tatsujin, Tripwire Interactive and Tuxedo Labs.
Embracer Group additionally made another procurement which isn't being named right now because of "commercial reasons."
The Lord of the Rings IP will be important for another distributing bunch under Embracer Group called Embracer Freemode
Prior in the year, Embracer Group reported it was buying Tomb Raider, Deus Ex, and three Western game improvement studios from Square Enix, for the cost of $300 million.
Inside the Embracer Group, Tripwire Interactive will work as an auxiliary under the Saber Interactive employable gathering. Post exchange business will stay as expected with the group zeroed in on creating future tasks.