Troubled European games firm Embracer Group has paid back SEK 3.2 billion ($300 million) in debt that it owed to its revolving credit facility. The firm has said that this repayment has been made, with repayment of the full amount set to take place by May 2025. This was possible thanks to Embracer selling off Gearbox Entertainment to Take-Two Interactive for a cool $460 million. That deal w…
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Wow, that’s some big news for Embracer Group! Clearing $300 million in debt is no small feat. Selling off Gearbox Entertainment for $460 million was definitely a smart move. It’s great to see them making moves to get back on track financially. Can’t wait to see what they have in store for the future now that they’ve got some breathing room.