As the arse continues to fall out of the games industry in every sector, the incredibly divisive Embracer Group is reportedly set to sell off Saber Interactive – the developer and publisher of numerous ports, remasters and original titles – to private investors for the sum of up to $500 million USD.
Bloomberg’s Jason Schreier reports that the deal will also include an option for Saber to bring multiple Embracer subsidiaries with it, as Embracer continues to shed costs by shutting down or selling off its various divisions. Saber has around 3,500 employees and was originally purchased for $525 million USD in a sweeping range of acquisitions that’s ultimately resulted in Embracer’s current, dire situation.
Saber currently has multiple projects in the works, including a remake of the classic Star Wars: Knights of the Old Republic, a project it inherited from Aspyr in 2022. According to Bloomberg, Sabre will continue to develop the remake under its new privately-owned arrangement.
Embracer Group began a process of restructuring in 2023 after a failed deal (reportedly worth $2 billion USD) caused its share prices to tank, with studio closures and game cancellations the focus of its efforts to lean down its business and leverage its portfolio of IP – which includes the likes of Tomb Raider, Deus Ex and The Lord of the Rings.
The company is also reportedly close to closing a deal to sell off Borderlands creator Gearbox Entertainment, according to sources who spoke to Kotaku.
