![]() ![]() ![]() ![]() It also noted that at this time there can be no certainty that a sale of all or any of Ashcroft’s shareholding will take place. Impellam reported in a regulatory filing that it plans to work with Ashcroft, but neither he nor the company are currently in discussions with any potential buyer. He noted the company is in a strong position. I am 76 and that time is now.” Ashcroft also serves as Impellam’s chairman. “I wanted to make this move around two years ago but felt that it had to wait until the easing of Covid. ![]() “This decision to exit is part of my restructuring of assets to focus on my philanthropic and other activities,” Ashcroft wrote in a note to the board. Lord Michael Ashcroft, who owns 62% of shares in the company, asked to open discussions with the board regarding options for the sale. Tolkien.The majority shareholder of global staffing firm Impellam Group plc announced he intends to sell his majority stake in the UK-based company. The company said it will explore "additional movies based on iconic characters such as Gandalf, Aragorn, Gollum, Galadriel, Eowyn and other characters from the literary works of J.R.R. The company said it plans to use the Tolkien intellectual property with Asmodee, its board and card game subsidiary that has licensed Tolkien IP in the past, and Freemode, its new entertainment and video game group. The purchase was a part of six acquisitions by Embracer Group totaling 6 billion Swedish krona (about $572.8 million).Įmbracer Group is a games and entertainment-focused company with a market capitalization of 87.5 billion Swedish krona (about $8.36 billion). "Going forward, we also look forward to collaborating with both existing and new external licensees of our increasingly stronger IP portfolio." "I am truly excited to have The Lord of the Rings and The Hobbit, one of the world's most epic fantasy franchises join the Embracer family," said Lars Wingefors, the company's founder and CEO, in a release. The companies did not disclose the financial terms of the deal, which gives Embracer the rights to movies, video games, board games, merchandising, theme parks and stage productions relating to Tolkien's works. ![]()
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