Deus Ex title killed after Embracer Group's cuts at Eidos

arstechnica.com

32 pointsanotherhue7 comments

Covered here: https://news.ycombinator.com/item?id=39179577

This is such a stupid mess. Embracer spent billions on acquisitions just to then destroy all the studios a few years after. I was also a part of one of their acquisitions that they shut down after a few years (this was before the bubble burst)

Are people already calling them Extinguisher? If not, it's time.

They're transitioning from Extender to Extinguisher.

the main benefit from mergers is increased profitability due to reduced competition; cancelling titles doesn't harm that goal

They were planning to get a couple billion dollars from investors. Now that that deal is off, they don't seem to have any plan.

Lower taxes by reducing "assets?"

Kind of like Warner Bros. WB is looking to acquire Paramount and one quick way to reduce tax liability is to snap them up, then literally permanently delete their shows and movies. Boom! Instant bottom-line "positivity."

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