Embracer owns DRG, among other actually good games.
They went on a studio buying spree during covid, thinking investor money can only go up. Which obviously it didn't, and now they have more studios than they can fund.
But instead of doubling down on making good shit, the are doing this.
While there is some truth to this, they did let some studios buy themselves back, including their relevant IPs, like gearbox.
Embracer bought a bunch of studios during the covid gaming bubble expecting investors that then didn't show up. The idiots did intend to do something with all these IPs and studios, but then found themselves without money on hand to actually fund anything.
Now the studios and ips getting sat on are paying the price for that fuck-up.