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Embracer Promises It “Will Not Change” Following $1 Billion Saudi Investment

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The Savvy Gaming Group, a company backed by Saudi Arabia’s Public Investment Fund, recently purchased a $1 billion stake in Embracer Group, the Swedish games firm that owns Gearbox, 3D Realms, Aspyr Media, and most recently, Crystal Dynamics and Eidos. The purchase raised some eyebrows both within Embracer Group and from media outlets, largely due to Saudi Arabia’s questionable human rights record.

Perhaps sensing the elephant in the room, Embracer CEO Lars Wingefors has issued a lengthy statement on SGG’s stake in the company.

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