Former members of Volition, a studio known for franchises like Saints Row and Red Faction, have banded together to start a new development company called Shapeshifter Games. Embracer Group, formerly known as THQ Nordic and the Nordic Games Licensing prior to that, has continued to scoop up assets over the past 10 years or so, including assets from THQ, Crystal Dynamics, and tons of different IPs. Unfortunately, recent times have not been quite as kind, as a reported failed deal between Embracer and Savvy Gaming Group, forced the company to announce a large scale restructuring plan involving studio closures and staff reductions.