Saber Interactive and Embracer Group they announced theirs separation: The development team will be sold to Beacon Interactive, a company controlled by Saber co-founder Matthew Karch, for $247 million.
In the past few hours Saber Interactive has removed references to Embracer Group from the official website, so the sale was in the air and has now been officially confirmed. However how the studies will be divided that operate within both companies?
Saber Interactive will maintain the following development teams:
- All Saber Interactive branded studios
- DIGIC
- Fractured Byte
- Mad Head Games
- New World Interactive
- Nimble Giant Entertainment
- Sandbox Strategies
- Slipgate Ironworks
- 3D Realms
Embracer Group will instead maintain the following teams:
- 34BigThings
- 4A Games
- Aspyr
- Beamdog
- Demiurge Studios
- Shiver
- Snapshot Games
- Tripwire Interactive
- Tuxedo Labs
- Zen Studios
The agreement provides the possibility for Saber Interactive to acquire 4A Games and Zen Studios within a certain period of time, but the transaction will not include long-term licensing and publishing rights to current and future games in the Metro franchise, which will continue to be properties of Plaion.
The statements
“I am pleased to have found a win-win solution for Embracer and the parts of Saber that will now leave us,” Embracer Group co-founder and CEO Lars Wingefors said in a press release. “This transaction puts both companies in a stronger position to thrive in the future.”
“Embracer is now able to stop all operations in Russia, according to a previous decision of the board of directors, thus safeguarding many developer jobs under new independent ownership. At the same time, we retain key companies, valuable IPs and future publishing rights.”
“Cash flow immediately improved, and we remain committed to reducing net debt. The transaction provides additional headroom for debt amortization in accordance with existing banking arrangements and will improve financial flexibility. This is the first transaction in the processes previously mentioned and marks a small but important step on our journey to transform Embracer into the future, for the benefit of all employees, players and shareholders.”
Saber Interactive co-founder and Beacon Interactive director Matthew Karch said: “Over the past four years I have been proud to be part of Embracer's incredible transformation into one of the world's leading video game companies. of the company to reorganize to address industry changes and geopolitical challenges, we felt it was the right decision for both Embracer and the Saber core to separate.”
“This divestiture leaves both parties better positioned to grow their respective businesses. I will continue to be a large, long-term shareholder of Embracer and we will remain partners in several ongoing and future projects. This transaction also safeguards the livelihoods of hundreds of professionals, many of whom have worked with me for over two decades.”
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