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Story summary
- Embracer Group sold Cryptic Studios and Arc Games to Project Golden Arc for $30 million, funded by XD Inc.
- The deal covers Star Trek Online, Neverwinter, Torchlight, and Remnant: From the Ashes, with Remnant 2 publishing rights moving to THQ Nordic.
- The rights to Fellowship will transfer to Coffee Stain, spinning off from Embracer.
- The sale follows layoffs and studio closures after Embracer's aggressive acquisition strategy.
