Saber Interactive will quickly be freed from Embracer Group because of a non-public investor group coughing up $500 million for the outfit. There’s additionally a brand new report stating the mega firm has a purchaser lined up for Gearbox Software program.
Regarding the Saber Interactive deal, a Bloomberg supply acquainted with the matter stated that after inked, the agency would develop into a privately owned firm retaining shut to three,500 staff.
Expeditions: A MudRunner Sport – Gameplay Overview TrailerSaber may even proceed growth on its Star Wars: The Knights of the Outdated Republic remake, which it took over from Aspyr Media in 2022, and this yr it’s set to launch Expeditions: A Mudrunner Sport, John Carpenter’s Poisonous Commando, and Warhammer 40,000: House Marine 2.
Saber Interactive was acquired by Embracer Group in 2020 for $525 million.
As for Gearbox Leisure, a Kotaku report states a deal to promote the working division is within the late phases of being finalized. Embracer didn’t reply when requested for remark. Kotaku had higher luck reaching out to Gearbox CEO and co-founder Randy Pitchford, who fortunately responded to the question in a really Pitchford-like method.
Reuters reported in September 2023 that Gearbox was doubtlessly available on the market after being acquired by Embracer for $1.4 billion one yr and 7 months prior.
Embracer went on a shopping for spree over the previous few years, choosing up studios and mum or dad firms left and proper.
Based by Swedish entrepreneur Lars Wingefors, Embracer Group began life as Nordic Video games and went via just a few adjustments through the years earlier than buying growth studios JoWood, The Journey Firm, and Dreamcatcher Interactive in 2011. It acquired a number of THQ property after the latter went bankrupt in 2013, bought the THQ trademark the next yr, and in 2016 was renamed THQ Nordic. It went public in 2016 and was renamed Embracer Group in 2019.
Since 2018, the corporate has acquired Koch Media which owned and operated Deep Silver, Espresso Stain Studios, Darkish Horse Media, Gearbox Leisure (however not the Borderlands IP), Saber Interactive, Center-earth Enterprises, Good World Leisure, Cryptic Studios, Restricted Run Video games, Tripwire Interactive, and too many extra to say. It additionally acquired Crystal Dynamics, Eidos-Montreal, and Sq. Enix Montreal (which it could later shutter) from Sq. Enix together with 50 of the latter’s IP which included Tomb Raider, Deus Ex, Thief, and Legacy of Kain.
Since June 2023, the corporate has been present process a complete restructuring program, leading to layoffs, the closing of studios, and the termination of initiatives after a $2 billion funding deal fell via with Saudi Arabia agency Savvy Video games Group.
As of September 2023, Embracer Group owned 129 sport growth studios and employed round 15,000 folks figuring out of 40 international locations. If you would like an concept of what number of mergers and acquisitions have occurred, Wikipedia has compiled a really thorough record. For a take a look at owned IP, there’s a listing for that too, and right here’s one itemizing each subsidiaries and acquisitions.