Savvy Games Group has been revealed as the strategic partner that backed out of the $2 billion deal with Embracer Group.
As reported by Axios, sources familiar with the matter revealed the involvement of the Saudi Arabia government-backed gaming firm. They did not have details as to why the deal collapsed.
While the $2 billion partnership fell through, the two companies are still linked to each other. Last year, Savvy Gaming Group bought a $1 billion stake in Embracer, taking about 8% of the firm's shares.
source https://www.gamesindustry.biz/report-savvy-games-group-backed-out-of-2bn-deal-with-embracer
