embracer group

, the Embracer Group 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.Although Embracer says the deal is worth $247 million, it's actually worth around $500 million once liabilities are factored in, according to Bloomberg’s . That’s because Beacon is said to have to buy 4A Games and Zen Studios (the developers of the Metro…

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…

Saber Interactive has reportedly found an exit strategy from the death grip of its parent company, Embracer Group AB. Bloomberg reported Thursday that “a group of private investors” will buy the studio in a deal worth roughly $500 million. Saber would then become a private company with about 3,500 employees.Engadget emailed a spokesperson from Saber for confirmation about the alleged buyout. The studio declined to comment.The alleged agreement would be one of Embracer’s most significant cost-cutting moves since the…

Over the course of the first two months of the year, video game companies have already announced plans to lay off more than 8,000 workers. It’s a big shift from the explosive growth the industry saw during and immediately following the pandemic—and, for many, a puzzling one.Electronic Arts was the latest to trim its payroll, announcing plans late Wednesday to reduce its workforce by 5%, or roughly 670 people. That followed Sony Interactive Entertainment’s surprising announcement on Tuesday that it planned to cut 900 jobs…

Saber Interactive Saber Interactive, the game developer and publisher behind highly anticipated upcoming games like the remake of Star Wars: Knights of the Old Republic and Warhammer 40,000: Space Marine 2, is reportedly being sold by its parent company, Embracer Group. Bloomberg reports that Saber Interactive will be sold to private investors for “up to $500 million.” Saber Interactive has several subsidiaries, including 3D Realms, 4A Games, Aspyr Media, New World Interactive, Tripwire Interactive, and Zen Studios,…

Bloomberg is reporting that Saber Interactive, the developers reportedly working on a remake of Star Wars: Knights of the Old Republic, is being sold by Embracer Group to a private investment group. Embracer Group has been going through a massive restructuring that has seen hundreds of employees laid off and the shuttering of studios. This latest deal appears to be another part of that ongoing effort. While the state of the Knights of the Old Republic remake is currently in question, Saber Interactive is slated to…

Image used with permission by copyright holder The wave of layoffs that has happened over the past year in the video game industry is well-documented. Some of the biggest culprits are Embracer Group, which has laid off nearly 1,400 workers across several of its studios since the start of a restructuring program last July, and Microsoft, which laid off 1,900 developers across Xbox, Bethesda, and Activision Blizzard in January. After relative silence around these layoffs, leadership at both companies finally tried to…

Embracer Group has released its fiscal report for Q3 2023, and while much of it is operational information for shareholders, it does provide some insight into where they are in regard to the vicious restructuring that has resulted in a tremendous number of lost jobs. Headlining this is a 4% growth of sales, but this growth isn’t due to their PC/Console games, which has actually contracted 5%. Instead, this is largely because of their tabletop games and “Entertainment & Services,” while mobile games also saw a small…

Recently, Eilas Toufexis, the voice behind Adam Jensen from the later Deus Ex games, posted a heartfelt goodbye to the character he’s best known for. With hopes of a new entry fading fast, the actor has since said he’s been asked to ease up when talking about the Mankind Divided and Human Revolution protagonist. In an interview with PCGamesN, Toufexis likened the current state of the video game industry to a “disaster zone.” Referring to the continuing onslaught of studios shutting down, projects being shelved, and…

Blizzard Entertainment Layoffs have unfortunately become a nearly nonstop occurrence in the video game industry over the past year. In 2023, over 10,000 workers at game studios lost their jobs, according to data from Game Industry Layoffs. In January 2024 alone, Kotaku reports that over 6,000 developers have already been laid off. Layoffs at Microsoft hit particularly hard for players, as nearly 2,000 Microsoft developers were let go after years of optimistic promises from Xbox leadership over the Activision Blizzard…