Embracer Group Sells Saber Interactive and Other Studios in a Deal Worth Up to $500 Million
The sale to Beacon Interactive, led by Saber's co-founder, includes rights to several studios and aims to reduce Embracer's debt.
- Embracer Group has officially sold Saber Interactive to Beacon Interactive for $247 million, with options to include additional studios potentially raising the total to $500 million.
- The deal, initiated by Saber Interactive co-founder Matthew Karch, encompasses rights to over 3,000 developers and several studios worldwide.
- Following the sale, Embracer retains key companies, valuable IPs, and future publishing rights, despite divesting a significant portion of its assets.
- The transaction aims to alleviate financial pressures on Embracer, cutting its debt and focusing on a leaner organizational structure.
- The sale marks a significant shift in the gaming industry landscape, with Saber Interactive continuing work on major titles, including the Star Wars: KOTOR remake.