Usually it wouldn't be a concern but I am suspicious of Embracer Group now, their growth is absolutely insane, in 3 years they've acquired 46 studios, I believe they're now the biggest publisher in the world in terms of studio count, their market cap is only $1.5bn off Ubisoft's in the span of 3 years of active growth, with multiple large scale acquisitions planned (including publishers) they will easily pass it.
The rate of growth is extremely suspicious, potentially dangerous, if Embracer goes down it would be devastating to the industry but I don't think that will happen anytime soon, I personally think they're either going to create their own subscription service (rival to Game Pass) or cash out to a major player (sell to Amazon, Google or Tencent).
It has been interesting to watch them over the years and I don't see them slowing down at all, if anything they're going to speed up in acquisitions.
Nah. While it'll have tangible ripple effects for a time, them going belly-up wouldn't be that bad overall. Like with THQ OG, it'll just serve as a lesson for more competent investors to consider when they buy Nordic's assets during a liquidation sale.