Swedish holding company Hug group After making major purchases of studios and game brand rights last year, it began laying off staff, cutting development teams and putting individual studios up for sale. On this occasion, a group of private investors was to buy Saber Interactive.
The transaction value is estimated at $500 million, Bloomberg reports. Embracer bought Saber in 2020 for $525 million. Apparently this is also part of the exit problem Remake of Star Wars: Knights of the Old Republic. They should keep working on it. But the question is whether it will ever come out. And if so, in what condition?
Saber Interactive is a large company. The company employs more than 3,500 people worldwide, and Embracer includes studios such as 4A Games (Metro series), New World Interactive (Insurgency: Sandstorm), Slipgate Ironworks (Tempest Rising), Tripwire Interactive (Killing Floor, Maneater) or Zen Studios (Pinball). Some of these studies may also be part of the agreement.
Saber Interactive has just created Expeditions: A MudRunner Game and is preparing a Switch version of Kingdom Come: Deliverance, Warhammer 40,000: Space Marine 2 or the return of the Painkiller brand.
Embracer Group’s financial troubles began in 2023 after a $2 billion deal fell through. She should have invested in the company Smart games group, owned by the Saudi Arabian government. Since then, extensive restructuring has been carried out, incl. cancellation of at least 27 projects. The goal was to reduce the huge debt. However, the set limit will likely not be reached by the end of March.
Also on sale for a long time Transmission softwarebut the question is whether Embracer will return $1.3 billion in this case. For this amount, it bought the creator of Borderlands in 2021.
Source :Indian TV
