"Piranha Bytes Fights Closure Amid Publisher Struggles"

Embracer Group's studio Piranha Bytes, known for the Gothic and Elex series, is reportedly facing closure as part of the company's restructuring efforts. The German studio may close unless it finds a new owner or publisher. Despite the challenges, Piranha Bytes remains hopeful and is actively seeking a partner to continue creating immersive worlds for its fans. Embracer Group has been implementing a restructuring program, leading to closures, layoffs, and project cancellations across various studios within the group.