Saber Interactive Buys Itself Back from Embracer Group for $500M, While Embracer Restructures After Failed Saudi Deal
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Saber Interactive is buying itself back from Embracer Group for $500M with funding from a private investor group. Saber will retain 3,500 employees.
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Saber is continuing development on Star Wars Knights of the Old Republic remake and other upcoming games like Expeditions A Mudrunner Game.
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Gearbox Software is reportedly being sold by Embracer Group, with a deal in late stages.
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Embracer went on a major buying spree of gaming studios and IPs over the last few years, acquiring over 100 studios.
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After a failed $2B Saudi investment deal, Embracer is now restructuring, with layoffs, studio closures, and terminated projects.