What does today’s announcement mean for the current shareholders of Embracer Group?

  • If the to be proposed dividend distributions of shares in “Coffee Stain & Friends” and “Middle-earth Enterprises & Friends” are approved by the shareholders of Embracer Group, shareholders will eventually hold shares in three companies: Asmodee, “Coffee Stain & Friends”, and “Middle-earth Enterprises & Friends”.
  • “Middle-earth Enterprises & Friends” is intended to remain within the current listed company Embracer Group, which will be renamed. Thus, Embracer Group shares will become shares of “Middle-earth Enterprises & Friends”.



Embracer Group is a global group of creative and entrepreneurial businesses in PC/console, mobile and board games and other related media. The Group has an extensive catalog of over 900 owned or controlled franchises.

With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its eleven operative groups: THQ Nordic, PLAION, Coffee Stain, Amplifier Game Invest, DECA Games, Gearbox Entertainment, Easybrain, Asmodee Group, Dark Horse Media, Freemode and Crystal Dynamics – Eidos. The Group has 111 internal game development studios and is engaging more than 12,000 employees in more than 40 countries.