Los Angeles, CA – Embracer Group, a prominent gaming company known for significant changes in the industry, is preparing to sell off Saber Interactive, the developer currently working on the highly anticipated Star Wars: Knights of the Old Republic remake. This decision comes on the heels of previous closures and layoffs experienced by various studios under Embracer’s umbrella.
The deal, estimated at $500 million, will see Saber Interactive become privately owned, freeing itself from Embracer’s recent wave of downsizing initiatives. Despite the impending sale, Saber Interactive will retain its focus on completing the Star Wars project, which it assumed control of after Aspyr Media’s departure in 2022.
In an effort to streamline operations and reduce costs, Embracer’s move to offload Saber Interactive aligns with previous actions taken following the collapse of a proposed $2 billion deal with the Saudi Arabia-backed Savvy Games Group in 2023. The $500 million sale also includes provisions for Saber Interactive to potentially bring along multiple Embracer subsidiaries in the transition.
Saber Interactive’s creative endeavors extend beyond the Star Wars franchise, as the studio is also actively involved in the development of the recently announced Jurassic Park: Survival, a thrilling first-person adventure title that has generated significant buzz within the gaming community.
This development underscores Embracer Group’s strategic realignment within the industry, marking a significant shift in the company’s portfolio and signaling potential new opportunities for Saber Interactive to flourish under private ownership. As the transaction progresses, stakeholders are keen to witness how this shift will impact the future trajectory of both Embracer Group and Saber Interactive, altering the landscape of the gaming industry in unforeseen ways.