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'Tomb Raider' Owner Embracer Splits Into Three Companies

'Tomb Raider' Owner Embracer Splits Into Three Companies
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Embracer Group will break up into three standalone gaming and entertainment companies

Now that it has finished its reorganization, Embracer Group has revealed plans to break itself up into three standalone and publicly traded companies, each with different gaming properties.

'Tomb Raider' owner Embracer splits into three companies

Sweden's Embracer, owner of the "Tomb Raider" franchise, announced Monday it would split into three separate companies in a major reset for one of Europe's biggest video game groups.The group will replace Embracer as the main entity on the Stockholm stock exchange and manage the intellectual property rights Embracer has for "The Lord of the Rings" and the "Tomb Raider" games.

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