Embracer Group Sells Off Saber Interactive and Most Studios to Founder's New Company for $247 Million
• Embracer Group selling off Saber Interactive and most of its studios to company founded by Saber co-founder for $247M • Deal includes option to acquire more studios later, potentially increasing price to $500M • Sale allows Embracer to discontinue operations in Russia to reduce risk • Some key studios like 4A Games, Aspyr, Tripwire will remain with Embracer • Part of Embracer's recovery plan after failed $2B investment; more transactions expected