Bloomberg is reporting that Saber Interactive, the developers reportedly working on a remake of Star Wars: Knights of the Old Republic, is being sold by Embracer Group to a private investment group.
Embracer Group has been going through a massive restructuring that has seen hundreds of employees laid off and the shuttering of studios. This latest deal appears to be another part of that ongoing effort.
While the state of the Knights of the Old Republic remake is currently in question, Saber Interactive is slated to release a few games this year, including Warhammer 40000: Space Marine 2, Toxic Commando, and Expeditions: A Mudrunner Game. It’s currently not known how the sale will affect their current projects, which also include Jurassic Park: Survival.
According to Bloomberg’s source, the deal is worth $500 million. Saber was part of Embracer’s big buying spree. They purchased the company back in 2020 at a reported price of $525 million, which means a bit of a loss. Furthermore, Bloomberg is reporting that the price also “includes an option for Saber to bring along multiple Embracer subsidiaries.” While this might just be referring to Saber’s branches in other countries, there are other studios listed under them, such as 3DRealms and Tripwire.
It’s possible that more of these sales will happen as Embracer continues its efforts to restructure. During their previous fiscal reports, the corporation has stated that they are in “the final stretch” of their restructuring, but it’s currently unknown what else is planned.
Published: Feb 29, 2024 11:37 am