Embracer Group is no more, as the company has made the decision to split into three separate entities, with various developers divided up amongst them.
For the last year or so, it's not been a great time to be a part of Embracer Group. There have been almost 1400 staff laid off across various studios, and several closures too. Saber founder Matthew Karch doesn't think Embracer is evil, just a company "that everyone likes to pick on," despite the fact it spent ridiculous amounts of money on studios it couldn't ultimately afford leading to needless layoffs. But now, Embracer Group doesn't exist anymore, at least not as one company. The group announced earlier today that it is splitting into three companies: Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends.
The "& Friends" part of Middle-earth Enterprises includes a number of familiar names, like Tomb Raider and Marvel's Avengers dev Crystal Dynamics, Dead Island 2 dev Dambuster Studios, Deus Ex dev Eidos-Montreal, and several more. Obviously IP like The Lord of the Rings, as well as Tomb Raider and others, now fall under Middle-earth Enterprises too, as well as media company Plaion, comics publisher Dark Horse, and Freemode.