The sale includes the transfer of various studios under Saber Interactive, such as 3D Realms, Nimble Giant, New World Interactive, Sandbox Strategies, Mad Head Games, Slipgate, Fractured Byte, Digic, and all Saber-branded studios. However, Embracer will retain ownership of studios like Aspyr, Beamdog, Tripwire, Tuxedo Labs, 4A Games, 34 Big Things, Demiurge, Zen Studios, Snapshot, and Shiver. The deal also grants Beacon Interactive the option to purchase 4A Games and Zen Studios at a later date for an undisclosed amount.
While the sale price of Saber Interactive was estimated to be as high as $500 million in a Bloomberg report from February, Embracer had acquired the company in 2020 for $525 million. Embracer’s CEO, Lars Wingefors, expressed satisfaction with the deal, stating that it benefits both companies and strengthens their future prospects.
As part of the transaction, Embracer will retain the rights to popular games such as Killing Floor 3, Teardown, and several unannounced titles from its retained studios. Additionally, they will continue to have access to the full upcoming pipeline and back catalog from Zen Studios, Aspyr, and Tripwire. On the other hand, Saber and Beacon will gain ownership of 38 in-development game projects. While the specific projects have not been disclosed, there is speculation that the highly anticipated Knight of the Old Republic remake may be included.
However, it’s important to note that Embracer Group has undergone significant restructuring in the past year. Almost 1,400 employees have been laid off, and 29 game projects have been canceled. Despite these challenges, Matthew Karch remains optimistic about the future, stating that the divestment will benefit both parties and safeguard the livelihoods of professionals who have been working together for over two decades.
Embracer Group’s decision to sell Saber Interactive and withdraw from the Russian market marks a significant shift in their business strategy. As they focus on their retained studios and upcoming projects, it will be interesting to see how this move impacts the gaming industry as a whole. With Saber Interactive now under Beacon Interactive’s control, the industry awaits to see what exciting developments lie ahead for these studios.
In conclusion, Embracer Group’s sale of Saber Interactive for $247 million and its subsequent withdrawal from the Russian market marks a notable change in the gaming landscape. With the deal finalized, both Embracer and Saber are poised to thrive in their respective endeavors. As the industry evolves, it’s clear that Embracer Group is committed to adapting and growing alongside it.
