Saber Interactive is splitting off from Embracer Group as part of the latter’s ongoing cost-cutting spree. According to sources reported by Jason Schrier on Bloomberg, Embracer is selling Saber to private investors in a deal worth approximately $500 million.
Saber Interactive has studios stationed worldwide with a total employee count of 3,500. As a result of this deal, Saber will become privately owned.
Saber Interactive is currently working on the anticipated Star Wars: Knights of the Old Republic Remake. The game was initially in development at another Embracer subsidiary Aspyr Media and handed to Saber in 2022. The studio’s portfolio consists of several popular games like Snowrunner, World War Z, Teardown, and Insurgency Sandstorm. Expeditions: A Mudrunner Game is the latest game from the studio that’s slated for release on March 5.
Embracer Group has been on a cost-cutting spree after a failed $2 billion deal with a Saudi Arabia-based sovereign wealth fund in June last year. Since then, the Sweden-based company has shut down several of its subsidiaries, laid off developers, canceled in-development games, and is planning to sell more subsidiaries similarly to what’s being reported here.
Notably, Embracer Group bought Saber Interactive for $525 million in 2020 as part of its purchasing spree during the global pandemic.
