"Game Developers Saber Interactive and Gearbox Software Secure $500 Million Buyback Deals from Embracer"
TL;DR Summary
Saber Interactive is set to buy itself back from Embracer Group in a deal worth up to $500 million, with plans to continue developing the Star Wars: Knights of the Old Republic remake. This move comes as part of Embracer's restructuring program following the fallout of a $2 billion deal, leading to layoffs and studio closures. Saber Interactive, originally acquired by Embracer in 2020, is also gearing up for the release of several games this year.
Topics:technology#acquisition#business#embracer-group#restructuring#saber-interactive#star-wars-knights-of-the-old-republic
- Report: Saber Interactive buys itself back from Embracer in $500m deal GamesIndustry.biz
- Embracer Group to Sell Saber, Developer of a New 'Star Wars' Game Remake, in $500 Million Deal Bloomberg
- Borderlands Dev Gearbox Software Could Be Leaving Embracer GameRant
- Star Wars: Knights of the Old Republic Remake Dev Saber Interactive Escapes Embracer in $500 Million Deal IGN
- Sources: Borderlands Maker Gearbox Is Close To A Sale Kotaku
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