Embracer Group to Sell Saber Interactive for $500M

Embracer Group is gearing up to sell its gaming development company, Saber Interactive, for a whopping 500 million dollars. Bloomberg reports that the Swedish conglomerate is in talks with a private investor group for the sale. If successful, Saber Interactive, with around 3,500 staff, will go private and gain a priority option to acquire other Embracer subsidiaries.

Acquired by Embracer in 2020 for 525 million dollars, Saber Interactive is renowned for games like World War Z, Snowrunner, and Evil Dead: The Game. Next week, it’s set to release Expeditions: A Mudrunner Game and has several titles lined up for this year, including Warhammer 40,000: Space Marine 2 and Jurassic Park Survival.

Saber is also on the task of remaking Star Wars: Knights of the Old Republic, a project known for its challenging production, after taking over from Aspyr in 2022. The game remains on Embracer’s future title list despite the sale.

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Moreover, discussions about the future of Gearbox Entertainment have been misconstrued in recent reports. Contrary to the implication that Randy Pitchford, CEO of Gearbox Entertainment, is leaning towards selling the company, it’s important to clarify that no such sentiment has been officially shared. In a town hall meeting with staff, Pitchford outlined three potential directions for Gearbox’s future: remaining with Embracer Group, selling to another entity, or orchestrating a buyout to return to independent operations. According to Kotaku, a decision has been made regarding the studio’s future, with further details expected to be shared in the upcoming month. However, it’s crucial to note that an official announcement regarding this decision has not been made, and any suggestion of a sale being finalized is premature and inaccurate.