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[STEAM] Embracer sells two more companies from its acquisition spree era, as Remnant and Neverwinter firms offloaded

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Neverwinter developer, Cryptic Studios, and Arc Games, publisher of Remnant: From the Ashes, has been sold off by Embracer Group.

The two companies have been acquired by Project Golden Arc, owned and led by members of the Arc Games management team, in a $30 million deal funded by XD Inc.

Arc Games (formerly known as Perfect World Entertainment and Gearbox Publishing San Francisco) is the publisher behind live service games such as Star Trek Online and Neverwinter, as well as Remnant: From The Ashes and Remnant II, Torchlight, Hyper Light Breaker, and the recently released Fellowship.

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