Commissar SFLUFAN Posted February 29 Share Posted February 29 Embracer Group to Sell Saber, Developer of a New ‘Star Wars’ Game Remake, in $500 Million Deal WWW.BLOOMBERG.COM Saber will continue developing Star Wars: Knights of the Old Republic Quote Swedish gaming company Embracer Group AB will sell one of its largest subsidiaries, Saber Interactive, to a group of private investors in a deal worth up to $500 million, according to a person familiar with the transaction. Saber will become a privately owned company with around 3,500 employees, said the person, who asked not to be identified discussing nonpublic information. The company plans to continue developing a remake of Star Wars: The Knights of the Old Republic, the highly anticipated game that was removed from its previous developer Aspyr Media in 2022. Quote Link to comment Share on other sites More sharing options...
XxEvil AshxX Posted February 29 Share Posted February 29 Wasn't embracer a group of " private investors "? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted February 29 Author Share Posted February 29 37 minutes ago, XxEvil AshxX said: Wasn't embracer a group of " private investors "? Embracer is a publicly-traded company though they were seeking investment from Savvy Games, an entity backed by Saudi Arabia's sovereign wealth fund. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted February 29 Share Posted February 29 Hopefully those investors really like mudrunner games. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted February 29 Share Posted February 29 It's gonna go to some Web 3 scammers Quote Link to comment Share on other sites More sharing options...
Dre801 Posted March 2 Share Posted March 2 Rejecter Group. Quote Link to comment Share on other sites More sharing options...
AshsToAshs Posted March 4 Share Posted March 4 I predict that when Sabers next game does not make $500M, the new investors will make a shocked pikachu face and shutter them for a tax write off Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 13 Author Share Posted March 13 Saber has removed all references to Embracer from its website, so it appears the sale has been closed. Saber Interactive has removed references to Embracer from its site, suggesting it’s been sold | VGC WWW.VIDEOGAMESCHRONICLE.COM A report last month said Embracer was selling the studio for $500 million… Quote Saber Interactive has removed references to Embracer Group from its website, suggesting reports of a sale are accurate. Late last month a Bloomberg report, citing a source familiar with the transaction, said the studio was being sold to a group of private investors in a deal worth up to $500 million. At the time, the Saber website featured the studio logo above the words “an Embracer Group company”. The site’s bio also read: “Saber Interactive is a US-based developer and publisher of video games. Consisting of over 20 studios and more than 2,500 employees worldwide, we are one of the key operative business units of Embracer Group.” However, as noted by X user @lejooon, at some point in early March the site changed to remove references to Embracer Group, with the “an Embracer Group company” message removed from underneath the logo. The bio has also been hastily edited, and now reads: “Saber Interactive is a US-based developer and publisher of video games. Consisting of over 20 studios and more than 2,500 employees worldwide.” Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 14 Author Share Posted March 14 Embracer Group ceases all operations in Russia through the divestment of selected assets from the operative group Saber Interactive - Embracer Group EMBRACER.COM INSIDE INFORMATION: Embracer Group AB (“Embracer”) has today entered into an agreement to divest selected assets, from the operative group Saber Interactive for a purchase price of USD 247 million (SEK 2,527 million), including assumed earnout liabilities of USD 44 million (SEK 450 million) but before any additional consideration. Through this divestment, Embracer ceases all […] Quote Embracer Group AB (“Embracer”) has today entered into an agreement to divest selected assets, from the operative group Saber Interactive for a purchase price of USD 247 million (SEK 2,527 million), including assumed earnout liabilities of USD 44 million (SEK 450 million) but before any additional consideration. Through this divestment, Embracer ceases all operations in Russia, while immediately improving cash flow, reducing capex, net debt and future liabilities. The buyer is Beacon Interactive (the “Buyer”), a company controlled by Saber Interactive co-founder Matthew Karch. “I am pleased that we have found a win-win solution for Embracer and the parts of Saber that now will leave us. This transaction puts both companies in a stronger position to thrive going forward. Embracer is now able to discontinue all operations in Russia, according to a previous board decision, while safeguarding many developer jobs under new independent ownership. At the same time, we keep key companies, valuable IPs and future publishing rights. Cash flow is immediately improved, and we remain committed to reducing net debt. The transaction yields additional headroom to amortize debt in accordance with existing bank agreements and will improve financial flexibility. This is the first transaction of the previously mentioned structured processes and marks a small but important step in our journey to transform Embracer into the future for the benefit of all employees, gamers, and shareholders,” says Lars Wingefors, co-founder and Group CEO of Embracer. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 14 Author Share Posted March 14 So from where exactly did Matthew Karch come up with nearly a quarter billion dollars to fund this deal, considering that "Beacon Interactive" is a Florida-based LLC that only came into existence a couple of months ago? Quote Link to comment Share on other sites More sharing options...
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