embracer

, 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…

Swedish gaming company Embracer Group has sold a big chunk of one of its biggest subsidiaries, US-headquartered Saber Interactive, in a deal totalling $500mn.  The buyer is Beacon Interactive, a holding company recently formed by none other than Saber’s own co-founder Matthew Karch. In a letter shared with Bloomberg, Karch said he was buying back the rights to his company and many of its studios because “they represent the best of what Saber is and can be.”  Saber Interactive is currently…

Swedish gaming company Embracer Group AB will sell one of its largest subsidiaries, Saber Interactive, to a group of private investors in a deal worth up to $500 million (roughly Rs. 4,142 crore), according to a person familiar with the transaction.Saber will become a privately owned company with around 3,500 employees, said the person, who asked not to be identified discussing nonpublic information. The company plans to continue developing a remake of Star Wars: The Knights of the Old Republic, the highly anticipated…

Gearbox Entertainment was one of the companies Embracer purchased during its massive buying spree that was followed by widespread layoffs and studio closures. As reported by Kotaku, the Borderlands maker is poised to be sold out, and more information will be shared next month. Embracer had purchased Gearbox for $1.3 billion in 2021. However, after purchasing studios from around the world, the Swedish company released an open letter explaining that it is aiming to become a “heavy-investment-mode to a highly cash-flow…

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…

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…

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…

Embracer Group, the Swedish holding company undergoing restructuring, has reportedly canceled a Deus Ex game. Bloomberg says developers had been working on the unannounced title for two years. Neither Embracer nor developer Eidos addressed the reported cancellation specifically, but they confirmed they were laying off 97 employees at Deus Ex developer Eidos Montreal.Eidos will reportedly focus instead on “an original franchise.” Bloomberg’s sources say the Deus Ex game was scheduled to start production later this year.…