Arc Games, the publisher behind Remnant 2, bought itself out from Embracer Group

The holding, which once experienced rapid growth, is now going through a difficult period.

Embracer Group has now permanently divested two more companies acquired during its aggressive expansion — a stretch that collapsed after a failed $2 billion deal. Leaving the Swedish group’s umbrella are Arc Games, the publisher behind Remnant II, and Cryptic Studios, known for Star Trek Online and Neverwinter.

The buyout was made possible with financial backing from China’s XD Inc. Employees at both companies will keep their jobs and their current organizational structures will remain unchanged — a rare example of a “soft” separation from Embracer, unlike the earlier closures of Volition Games and Free Radical Design.

Source: iXBT.games