Swedish gaming giant Embracer Group will sell developer Saber Interactive for $500 million. This is stated by the Bloomberg news agency based on information from those involved. The studio is currently working on a remake of Star Wars: Knights of the Old Republic.
Saber Interactive is being sold to a group of investors, according to a Bloomberg source. It is planned to be a private company with approximately 3,500 employees. Saber Interactive and Embracer Group have not yet confirmed the deal and declined to respond to questions from Bloomberg.
Embracer Group bought Saber Interactive in 2020 for $525 million. The studio is known for the zombie game World War Z. Since 2022, the studio has been working on the remake of Star Wars: Knights of the Old Republic. First, development was done by game studio Aspyr, but due to internal problems, the initial release date of 2022 was not feasible. Bloomberg claims that Saber Interactive will continue working on the Knights of the Old Republic remake after the deal is completed. It is not yet known when the game will be released.
At the beginning of 2023, Embracer Group suffered a financial setback. CEO Lars Wingefors revealed that a $2 billion deal fell through at the last minute. It was reportedly a deal with Savvy Games Group, an investment fund from Saudi Arabia. Since then, there have been many layoffs within the studios owned by the Swedish company. A Deus Ex game that was in development for two years has also been canceled.
