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Embracer CEO Ends Restructuring Program, Milestone Remains An Embracer Asset

Tim Wheatley - Dev News | Apr 3, 2024

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It appears that Milestone, developer of multiple car and bike racing games since 1995, will remain a part of the Embracer Group following a lengthy restructuring that has seen the loss of around 1,500 jobs and multiple studio closures.

The news came during an investors call following Embracer’s $460 million dollar sale of Gearbox Interactive, with CEO Lars Wingefors saying “We are ending the restructuring program now, end of March, and the Gearbox restructuring process has been part of that program. Now we are getting approached I would say not quite daily, but on a weekly basis, by companies that would like to acquire certain assets within the group. And I’ve been very clear that they’re not for sale, because they’re a very important part for the group and for the shareholders of the group going forward”.

This would suggest that Milestone and their intellectual property remains with Embracer, including the upcoming MotoGP 24 release.

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