Saber Interactive to split from Embracer Group
Embracer Group has entered into an agreement to sell Saber Interactive to Beacon Interactive, a company controlled by Saber Interactive co-founder Matthew Karch, for a purchase price of USD $247 million, the company announced.
As part of this divestment, Embracer Group will cease all operations in Russia, immediately improving the company’s cash flow, and reducing capex, net debt, and future liabilities.
Saber Interactive will retain the following subsidiary studios after the split: All Saber Interactive-branded studios, DIGIC, Fractured Byte, Mad Head Games, New World Interactive, Nimble Giant Entertainment, Sandbox Strategies, Slipgate Ironworks, and 3D Realms.
Embracer Group will retain the following Saber Interactive subsidiary studios: 34BigThings, 4A Games, Aspyr, Beamdog, Demiurge Studios, Shiver, Snapshot Games, Tripwire Interactive, Tuxedo Labs, and Zen Studios. These studios will be integrated into other parts of Embracer Group in the coming period.
Saber Interactive will be granted the right to acquire 4A Games and Zen Studios within a certain time period, but if it decides to do so, long-term license and publishing rights to all current and future games in the Metro franchise will continue to be held by Embracer Group subsidiary PLAION.
The pipeline of Embracer Group’s retained studios includes the next AAA game from 4A games, an unannounced concept phase AAA game, a previously announced AAA game based on a major license, a new AAA multiplayer shooter based on a conrtolled intellectual property, a new AA game based on an Asmodee intellectual property, a new AA game from 34BigThings based on an owned intellectual property, Killing Floor III, post-launch support of Teardown, and the full upcoming pipeline and back catalog from Zen Studios, Aspyr, and Tripwire Interactive.
“I am pleased that we have found a win-win solution for Embracer and the parts of Saber that now will leave us,” Embracer Group co-founder nd CEO Lars Wingefors said in a press release.
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