Embracer Group Sells Saber Interactive in a $500 Million Deal

According to a recent Bloomberg report, Embracer Group will sell Saber Interactive “to a group of private investors in a deal worth up to $500 million.” The report cites a person who’s familiar with the transaction. It will result in Saber Interactive becoming a completely privately owned company with around 3,500 employees. According to the report, the $500 million deal includes an option for Saber Interactive to acquire multiple Embracer Group subsidiaries. Saber Interactive will continue to develop the Star Wars: Knights of the Old Republic remake.Eidos Montreal

recently announced in a recent statement on Twitter that its parent company the Embracer Group has laid off 97 people from the development, administration, and support services teams. The company states that the well being of its team is “our priority and the continuous commitment to creating games that players will be able to enjoy in the nearby future.” Additionally, according to a recent report by Bloomberg, Embracer has also canceled an upcoming unannounced Deus Ex game at Eidos Montreal

Star Wars: Knights of the Old Republic details:

Four thousand years before the Galactic Empire, hundreds of Jedi Knights have fallen in battle against the ruthless Sith, and you are the last hope of the Jedi Order. Can you master the awesome power of the Force and save the Republic? Or will you fall to the lure of the dark side? Hero or villain, savior or conqueror… you alone will determine the fate of the entire galaxy!

Key Features

• Journey through a Star Wars classic set in an era before the rise of the Empire, filled with unique characters, creatures, vehicles and planets.
• Experience a deep RPG with customizable characters and meaningful choices that impact your experiences with the story and your squad.
• Harness the power of the Force with over 40 different abilities and wield your own lightsaber.
• Adventure through eight enormous and iconic Star Wars worlds, including Tatooine and Kashyyyk, in your own starship, the Ebon Hawk.
• Choose your party from and build everlasting bonds with nine unique crewmates, including Twi’leks, droids and Wookiees.

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