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Embracer Group AB ( ($SE:EMBRAC.B) ) has issued an announcement.
Embracer Group AB has announced its plan to spin off Coffee Stain Group into a standalone entity by the end of 2025, with the intention of listing it on the Nasdaq First North Premier Growth Market in Stockholm. This strategic move aims to provide Coffee Stain Group with greater autonomy to focus on its core strengths in community-driven game development. Concurrently, Embracer will rebrand as Fellowship Entertainment, continuing to leverage its vast array of intellectual properties and creative assets to enhance its market position and foster innovation across its global operations.
The most recent analyst rating on ($SE:EMBRAC.B) stock is a Hold with a SEK96.16 price target. To see the full list of analyst forecasts on Embracer Group AB stock, see the SE:EMBRAC.B Stock Forecast page.
More about Embracer Group AB
Embracer Group AB is a prominent entity in the gaming industry, known for its diverse portfolio of game developers and publishers. The company focuses on community-driven gaming experiences and holds a wide array of intellectual properties, including popular titles like Deep Rock Galactic, Goat Simulator, and Valheim. Embracer is also involved in transmedia capabilities, encompassing IP licensing, comics, merchandise, film, and distribution.
Average Trading Volume: 849,700
Current Market Cap: SEK27.76B
Find detailed analytics on EMBRAC.B stock on TipRanks’ Stock Analysis page.