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14.03.2024 - 15:39 / digitaltrends.com / Tomas Franzese / Interactive / Saber Interactive
Embracer Group confirmed it is selling Saber Interactive to Beacon Interactive on Thursday morning, following rumors of a sale last month. Saber Interactive is a massive company that not only develops games like Warhammer 40,000: Space Marine 2 and Expeditions: A Mudrunner Game but also owns several studios.
So, what exactly did Embracer offload?
The press release announcing the sale can be a bit tough to parse with all the financial information and corporate terminology found within. We’ve put together a simplified explanation here if you’re looking for a cheat sheet. In terms of studios, Beacon Interactive acquired the following ones in its $247 million deal with Embracer Group.
With this deal, Beacon Interactive is acquiring 2,950 developers working on 38 different projects. This might not be the end of the offloading, though. Embracer Group says that it’s also giving Beacon Interactive the option to buy Metro series developer 4A Studios and pinball game maker Zen Studios, although those deals are not locked in at this time.
If you’re aware of the breadth of what Saber Interactive owns, you’ll recognize that’s not every studio owned by the company. Embracer says it will continue ownership of the following studios, redistributing them to its other subsidiaries.
Although it’s selling off parts of what Saber Interactive owned, Embracer Group says it will still retain the rights to certain projects that were in the works at these studios. Most notably, Embracer operating group Plaion has the licensing and publishing rights to the Metro franchise, which
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The CEO of Saber Interactive has confirmed that its remake of Star Wars: Knights of the Old Republic is still in active development.
Since its reveal at PlayStation Showcase in 2021, Star Wars: The Knights of the Old Republic Remake has had a tumultuous development history. The remake of the beloved RPG from 2003 was delayed indefinitely and changed developers in 2022, with Saber Interactive taking over from Aspyr. Last month, Saber along with other studios under its brand and its licensed IPs, was sold for $247 million by Embracer Group, creating further uncertainty around the remake project. Now, Saber has confirmed that the studio is still working on the game.
Embracer have announced that they're selling Borderlands developers Gearbox Entertainment to Take-Two Interactive, owners of 2K Games and GTA 6 developers Rockstar, for $460 million in Take-Two shares. Three Gearbox Software studios - the flagship studio in Texas, together with Gearbox Montréal and Gearbox Quebec - will change hands as part of the deal. Take-Two will also acquire the Borderlands and Tiny Tina's Wonderlands franchises, together with Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem.
The collapse of the utterly reckless Embracer Group continues to occur publicly, as juggernaut development unit Saber Interactive has announced plans to split from the embattled Swedish organisation. The division will be purchased by Beacon Interactive, a new holding firm controlled by Saber Interactive’s co-founder Matthew Karch. But as detailed in a press release on the divestment, there’s still plenty to be untangled between the two titans.
Embracer Group has announced the $247 million sale of Saber Interactive to Beacon Interactive, a new parent company that is owned by Saber co-founder Matthew Karch.
With Saber Interactive splitting from the Embracer Group in a $247 million deal, there’s the question of which projects the developer is still handling. Chief creative officer Tim Willits has addressed the same on Twitter, confirming that Warhammer 40,000: Space Marine 2, John Carpenter’s Toxic Commando, and Jurassic Park: Survival are still under its purview.
Saber Interactive is officially splitting from Embracer Group, bringing a few more studios formerly owned by the Swedish company with it as well.
As expected, the Embracer Group has sold much of Saber Interactive, which is known for the Metro series, Gloomhaven and remakes of classic Star Wars titles. The buyer is a group of private investors under the umbrella of Beacon Interactive, which is run by Saber co-founder Matthew Karch.
Embracer has officially sold Saber Interactive, to the tune of $ 247 million.
Saber Interactive has parted ways with Embracer Group, buying back the rights to its own work as well as much of its network of studios and contractors.
Saber Interactive have parted ways with Embracer Group, buying back the rights to both themselves and numerous other studios in a deal initially valued at $247 million. The deal includes 38 ongoing game development projects plus the rights to 3D Realms, Slipgate Ironworks, New World Interactive, Nimble Giant, Mad Head, Digic, Fractured Byte and PR agency Sandbox Strategies, as well as Metro developers 4A Games and Pinball FX maker Zen Studios via options.