Star Wars: Knights of the Old Republic Knights of the Old Republic Remake Embracer Group

Embracer Group Reportedly Selling Current Star Wars: Knights of The Old Republic Remake Developer and Publishing Arm Saber Interactive For $500 Million

Embracer Group is back in the news, although not for layoffs this time around, as Bloomberg’s Jason Schreier is reporting that one of the Swedish base company’s publishing arms, Saber Interactive, is for $500 million, according to an anonymous source close to the situation.

The publisher’s price tag is slightly lower than what Emracer Group bought it for, which was $525 million USD back in 2020. The purchase would not just include the name, IPs, past/existing projects and the 25 subsidiaries. The Bloomberg source adds that the deal has an option to include multiple other Embracer subsidiaries. This isn’t the first time we’ve reported that Embracer Group was looking to sell one of its publishing arm; back in September, Gearbox was being shopped around with no price reported, although there has been no update on that front.

Embracer Group announced this past summer that it was planning to restructure itself to decrease debt in a “challenging year, said CEO Lars Wingefors at the time, with studio closures, cancelled projects and layoffs expected. That is precisely what happened as Saints Row developer Volition announced its closure after 30 years late last month. This bad news follows a reported verbal commitment with Saudi Arabia’s government-funded company, Savvy Games Group, which would garner Embracer Group $2 billion over six years but fell through in the final hours. The fallout of this led to massive record-breaking layoffs across the industry last year, and if industry-wide layoffs continue, that record might be broken at some point with the numbers from this year.

Saber Interactive is better known for its work on the Snowrunner and World War Z games plus ports too, including Halo: Combat Evolved Anniversary, Halo: The Master Chief Collection, Ghostbusters: The Video Game Remastered, the Nintendo Switch version of The Witcher 3: Wild Hunt Complete Edition, and more. The company recently was in the news after Giant Bomb’s Jeff Grubb reported that work on the Star Wars: Knights of the Old Republic Remake project was moved over to Saber Interactive. Saber Interactive’s upcoming slate for this year includes Expeditions: A MudRunner Game, Kingdom Come: Deliverance and Toxic Commando.