Embracer Group, the corporate behind the closure of Saints Row studio Volition Games and layoffs at firms like Eidos-Montréal and Black Forest Games, is ready to promote Star Wars: Knights of the Old Republic remake developer Saber Interactive, in accordance with a brand new Bloomberg report. Embracer is promoting the developer to a bunch of personal buyers in a deal value $500 million, a supply informed the publication.
Once the deal goes by way of, Saber Interactive can be a privately owned firm and free from Embracer, which is behind layoffs unfold all through the previous couple of years. Following the transaction, the studio will proceed work on its Star Wars: Knights of the Old Republic remake, which it took over because the developer after Aspyr Media was faraway from it in 2022.
Bloomberg reviews this sale is one other effort of Embracer to chop prices alongside studio closures and layoffs after a deliberate $2 billion cope with Saudi Arabia-backed Savvy Games Group fell by way of in 2023. The publication writes considered one of its sources says the $500 million deal comes with the choice for Saber Interactive to deliver with it a number of Embracer subsidiaries as nicely.
Saber Interactive can be engaged on the not too long ago introduced first-person Jurassic Park: Survival.
[Source: Bloomberg]
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