Embracer is set to conclude its restructuring agenda by effectively “vanishing.” The Swedish conglomerate has declared plans to fragment into three independent divisions through a recent press release.

The first division, Asmodee Group, will concentrate on releasing and distributing video games derived from board games. Following this, Coffee Stain & Friends will be focused on producing a range of independent, AA, and free-to-play games across various platforms. Lastly, the division named Middle-earth Enterprises & Friends will be responsible for managing high-budget AAA game titles, including the franchises of “Tomb Raider” and “The Lord of the Rings.”

On the financial market, the Embracer Group name will be succeeded by Middle-earth Enterprises & Friends. Additionally, ownership stakes in Asmodee Group and Coffee Stain & Friends will be handed to investors as dividend shares. Meanwhile, Embracer‘s CEO Lars Wingefors is set to lead a new corporation that will encompass all of the existing Embracer assets.