The CEO of Saber Interactive has confirmed that its remake of Star Wars: Knights of the Old Republic is still in active development.
Saber Interactive Splits From Embracer, Taking 38 Video Game Projects With It
14.03.2024 - 10:45 / ign.com / Lars Wingefors / Jason Schreier / Matthew Karch / Interactive / Saber Interactive
Saber Interactive has split from Embracer, with at least 38 ongoing game development projects among the divested assets and over 3,000 staff moving across. However, a number of key studios remain at Embracer, including Tripwire, Aspyr, and Beamdog.
The deal is initially valued at $247 million, with the buyer named as Beacon Interactive, a company set up and controlled by Saber Interactive co-founder Matthew Karch. As a result, Embracer has ceased all operations in Russia. It appears jobs were secured as part of the deal.
There are a number of interesting points in the deal. For example, Beacon Interactive has the option right to acquire Metro developer 4A Games and Pinball developer Zen Studios for a fixed price within a certain time period. According to Bloomberg reporter Jason Schreier, Beacon Interactive has indeed decided to buy both studios. Long-term license and publishing rights to all current and future PC and console games in the Metro franchise are held within the Embracer operative group Plaion, Embracer said.
The studios and their owned or licensed IP now a part of Beacon Interactive are:
Embracer will retain the following studios and companies:
While Saber Interactive has split from Embracer, Embracer itself retains 14 Saber games already in the works, including two joint projects with Beacon Interactive. They are:
Lars Wingefors, co-founder and group CEO of Embracer, called the deal a “win-win solution” for Embracer and the parts of Saber that now leave the embattled company. Wingefors said it was “safeguarding many developer jobs” under the new ownership. Crucially, Wingefors called the Saber deal the “first transaction”, with a deal for Borderlands maker Gearbox to leave Embracer waiting in the wings.
“This divestment leaves both parties in much better positions to grow our respective businesses,” Karch said. “I will continue to remain a large, long-term shareholder of Embracer and we will remain partners on several ongoing and future projects. This transaction also safeguards the livelihoods of hundreds of professionals, many of whom I have worked with for over two decades.”
Last month, Embracer warned of further layoffs despite letting go 1,387 staff since its high-profile restructuring began in June. Embracer’s total headcount had reduced by 904 during the second quarter of its financial year, then by another 483 in the third quarter. That amounted to 8% of the group's global workforce. The company also canceled 29 unannounced games during the two quarters.
At the time, Wingefors said Embracer was in the process of selling off parts of its business, Borderlands developer Gearbox up for sale. Embracer bought Gearbox in February 2021 as part of an acquisition spree that included snapping up
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03.04.2024 / 07:31
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03.04.2024 / 00:19
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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.
thesixthaxis.com
15.03.2024 / 15:01
Embracer has officially sold off Saber Interactive
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14.03.2024 / 20:22
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14.03.2024 / 15:39
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14.03.2024 / 14:43
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gameranx.com
14.03.2024 / 14:21
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techradar.com
14.03.2024 / 13:09
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14.03.2024 / 12:41
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