A new report has revealed that German-Austrian media company Plaion (formerly Koch Media), a subsidiary of Embracer Group, is restructuring its game publishing business, with roughly five to six jobs at stake as the company looks to drop its Deep Silver, Prime Matter, and Ravenscourt labels. Having rebranded from Koch Media to Plaion last year,…
Sign up for the GI Daily here to get the biggest news straight to your inbox Plaion is restructuring its games publishing business which is expected to result in layoffs, GamesIndustry.biz has learned. Sources close to the matter have told us a number of jobs are at stake as the publisher, which rebranded from Koch…
Diversified industrial giant 3M (MMM 1.48%) delivered one of the season’s most exciting earnings calls. However, it wasn’t so much the numbers and the guidance that caught investors’ attention. Instead, management outlined a significant restructuring plan that gives hope it might start to release value from 3M’s portfolio of businesses. As such, 3M is becoming…
Deep Silver’s parent company, Plaion, will reportedly be making changes to its game publishing business, which will involve both laying off workers and merging several of its brands. According to GamesIndustry.biz, Plaion is dropping Deep Silver, Prime Matter, and Ravenscourt. Instead of publishing titles under those labels, future titles will reportedly be published under Plaion.…
The Guide on Conducting an Out-of-Court Workout in Asia is the third joint publication of the ABLI and the International Insolvency Institute, following their 2020 title, Corporate Restructuring and Insolvency in Asia, and their guide on the treatment of insolvent micro and small enterprises in Asia published last year. The Guide on Conducting an Out-of-Court…
OpenMoney will enter a period of “significant” restructuring following its majority sale to entrepreneurs Will Mallard and Patrick Leahy last week. OpenMoney founders Duncan Cameron and Anthony Morrow sold the business but retained minority holdings, with Leahy becoming acting chief executive. The restructuring proposals which are yet to be approved by the regulator include plans to…
EQS-News: Corestate Capital Holding S.A. / Key word(s): Restructure of Company/PersonnelCorestate Capital Holding S.A.: Alternative restructuring concept simplifies short-term recapitalization and significant debt reduction corporate governance adjusted04.05.2023 / 22:49 CET/CESTThe issuer is solely responsible for the content of this announcement. Corestate: Alternative restructuring concept simplifies short-term recapitalization and significant debt reduction corporate governance adjusted Dr.…
HSBC shareholders are set to vote on the first step toward a proposed restructuring of the bankincluding a potential spin-off of the lenders Asia businessat an annual general meeting on Friday (May 5) in the United Kingdom. 3 considerations before your company takes a stance Off English A growing contingent of shareholders, according to activist…
Summary Law Firms Ropes & Gray is winding down its Hong Kong restructuring practice after “review of client needs in the region” The firm said Asia restructuring group leader Daniel Anderson is leaving for Freshfields (Reuters) – U.S. law firm Ropes & Gray is shutting down its business restructuring practice in Hong Kong, with its…
Companies Ford Motor Co Follow May 3 (Reuters) – Ford Motor Co (F.N) expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker’s move to exit unprofitable locations and cut headcount. The charges will be primarily attributable…