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13.03.2024 - 11:59 / videogameschronicle.com / Chris Scullion / Interactive / Saber Interactive
Saber Interactive has removed references to Embracer Group from its website, suggesting reports of a sale are accurate.
Late last month a Bloomberg report, citing a source familiar with the transaction, said the studio was being sold to a group of private investors in a deal worth up to $500 million.
At the time, the Saber website featured the studio logo above the words “an Embracer Group company”.
The site’s bio also read: “Saber Interactive is a US-based developer and publisher of video games. Consisting of over 20 studios and more than 2,500 employees worldwide, we are one of the key operative business units of Embracer Group.”
However, as noted by X user @lejooon, at some point in early March the site changed to remove references to Embracer Group, with the “an Embracer Group company” message removed from underneath the logo.
The bio has also been hastily edited, and now reads: “Saber Interactive is a US-based developer and publisher of video games. Consisting of over 20 studios and more than 2,500 employees worldwide.”
The changes suggest that Bloomberg’s report was accurate and that if a sale hasn’t already been finalised it appeares to be imminent.
The deal would result in Saber becoming a privately owned company with around 3,500 employees in total across its studios worldwide (including the US, Russia and Portugal).
Bloomberg’s report said Saber would also continue to work on its remake of Star Wars: Knights of the Old Republic following the deal.
Embracer has been carrying out a widespread money-saving operation, announcing in June 2023 that it was implementing a restructuring plan which would involve the closure of studios and the cancellation of projects.
The restructuring resulted in 1,387 job cuts, or about 8% of its global workforce, during the six months ended in December. This included cutting 871 internal game developers, 252 internal non-developers, and 264 external developers.
Embracer also confirmed last month that, during a six-month period in 2023, it cancelled 29 unannounced games.
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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.
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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.
Saber Interactive is officially splitting from Embracer Group, bringing a few more studios formerly owned by the Swedish company with it as well.
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.
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.
Embracer Group has sold off some assets of Saber Interactive, the developer of the long-awaited Star Wars: Knights of the Old Republic remake, for $247 million. A couple of years ago, Embracer Group seemed poised to become a major player in the video games space as it acquired multiple key studios like Eidos Montreal, Crystal Dynamics, and Limited Run Games, reaching an incredible 110 game development companies by April 2022 with plans to buy more. One of the companies acquired by Embracer was Saber Interactive in 2020, which became one of the conglomerate’s 12 major divisions thanks to its numerous subsidiaries.