Saber Interactive to Become Independent

Saber Interactive to Become Independent

Business

01 March 2024 10:00

Embracer Group AB, is set to divest one of its major subsidiaries, Saber Interactive, in a deal valued at up to $500m. As part of this arrangement, Saber Interactive will be a privately owned entity, maintaining a workforce of approximately 3,500 employees. The company will continue to develop Star Wars: The Knights of the Old Republic.

Embracer Group recently revealed its restructuring program. The company announced the shutting down of several studios and the COO of the company stepped down.

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Saber Interactive to Become Independent

Business

01 March 2024 10:00

Tags: Saber Interactive

Embracer Group AB, is set to divest one of its major subsidiaries, Saber Interactive, in a deal valued at up to $500m. As part of this arrangement, Saber Interactive will be a privately owned entity, maintaining a workforce of approximately 3,500 employees. The company will continue to develop Star Wars: The Knights of the Old Republic.

Embracer Group recently revealed its restructuring program. The company announced the shutting down of several studios and the COO of the company stepped down.

Share:

Sources:

Report mistake Submit news

Related news

View All

Saber Interactive Receives Investment

Saber Interactive, has secured an undisclosed investment from Aleph Capital Partners and Crestview Partners. This funding will be used to...

Investments

Sep 16, 2024

Aspyr and Saber Interactive Under Fire

Aspyr and Saber Interactive are currently facing a class action lawsuit for their decision to cancel a content release for...

Drama

Sep 27, 2023

Rec Room Shuts Down June 1, 2026 as Social VR Platform Fails to Reach Profitability

TL;DR * Rec Room Inc. has announced its social VR platform will close permanently on June 1, 2026, with the...

Business

Apr 02, 2026

Crystal Dynamics Reportedly Developing New Lord of the Rings Game With $100M Abu Dhabi Funding

TL;DR * Crystal Dynamics, the studio behind the Tomb Raider series, is reportedly developing a new The Lord of the...

Business

Apr 01, 2026

Eidos-Montreal Cuts 124 Jobs and Loses Studio Head David Anfossi in Second Round of Layoffs

TL;DR * Eidos-Montréal has announced a workforce reduction of 124 employees, its second round of layoffs in months following December...

Business

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