💨 Abstract

Embracer, the owner of the Tomb Raider franchise, reported a 33% drop in second-quarter operating profit due to game release delays and lower earnings expectations for the year. The company is planning to split into three publicly traded entities by 2025 and has announced the divestment of Easybrain for $1.2 billion, an attractive deal that will reduce net debt and strengthen its balance sheet.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖