STOCKHOLM : Swedish games group Embracer announced on Tuesday a restructuring programme to slash costs and investments, including in the development of new products, boosting the company's shares.Embracer has been hit by development delays, weaker demand, bad reception for some new games and, last month,
STOCKHOLM : Swedish games group Embracer announced on Tuesday a restructuring programme to slash costs and investments, including in the development of new products, boosting the company's shares.
Shares in the developer, which last year bought several development studios and the intellectual property rights to a new Tomb Raider edition and other games, on Tuesday rose 4 per cent by 0705 GMT. "The figures include capex related to internal and external game development projects and other intangible assets, as well as tangible assets," it said in a statement.
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