Embracer Group to Sell KOTOR Remake Studio in Deal Worth $500 Million | Push Square
Saber Interactive, one of Embracer Group's largest development houses, will reportedly be sold off in a transaction worth $500 million. The company, which itself comprises more than 20 studios, will be sold to private investors after the deal closes. This will be the latest action from Embracer in its huge restructuring plan. This all comes from a new report from Bloomberg.
As mentioned, Saber is a multi-studio developer/publisher with thousands of employees, and many games in its back catalogue. These include World War Z: Aftermath, Evil Dead: The Game, SnowRunner, and published titles like Teardown and Redout 2. It currently has several announced projects, such as Jurassic Park: Survival, John Carpenter's Toxic Commando, Warhammer 40K: Space Marine 2, and perhaps most notably, Star Wars: Knights of the Old Republic Remake. The hotly anticipated, but beleaguered, PS5 title is «still alive» according to Bloomberg reporter Jason Schreier.
The anonymous source of this information also says part of the deal is an option for Saber to «bring along multiple Embracer subsidiaries», so it appears that some studios under Saber's umbrella will also leave the holdings company.
It's a pretty huge development in Embracer's downsizing journey. This follows layoffs of thousands of employees across the business, as well as the cancellation of dozens of unannounced games.
Stephen has been part of the Push Square team for over six years, bringing boundless enthusiasm and a deep knowledge of video games to his role as Assistant Editor. Having grown up playing every PlayStation console to date, he's developed an eclectic taste, with particular passion for indie games, arcade racers, and puzzlers. He's also our go-to guy for Sonic-related matters, much to his delight/chagrin.
This would have been a snip for Sony compared the Bungie acquisition.
The best I can do is $1 and even that is expensive af for Saber Interactive.
@Korra It would. But it also would have been most of their yearly
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