On October 5, Standard & Poor's excluded the Swedish Embracer Group holding from several stock indexes, among which were the S&P Global 1200 and S&P Europe 350. They include large public companies whose shares are considered by Standard & Poor's to be the most liquid and reliable for investment.
Standard & Poor's did not make a statement on Embracer Group and did not explain why it decided to exclude the company.
Embracer Group fell in price twice to 26.81 billion Swedish kronor ($2.55 billion) after a $2 billion deal fell through in May 2023. Embracer Group is currently undergoing a major restructuring. As part of it, the company closed Volition Games and Campfire Cabal, and also conducted layoffs at Gearbox Publishing, Crystal Dynamics and other affiliated studios.