LogInThe Swedish holding has officially confirmed a deal to sell several assets of Saber.
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Almost two weeks ago, we discussed Bloomberg's report, which stated that Embracer was about to sell one of its studios, Saber, to a group of private investors for a reported transaction amount of up to $500 million. At that time, neither Embracer nor Saber commented on the situation.
As many users recently started noticing, Saber removed all mentions of Embracer from its official website, which led to speculation about Embracer's possible selling of Saber.
Today, Embracer has come forward with an official statement confirming a deal to sell several assets of Saber for $247 million to Beacon Interactive, owned by Saber Co-Founder Matthew Karch. In light of the sale, Embracer will be exiting all operations in Russia and divesting all assets, the company shared.
"I am pleased that we have found a win-win solution for Embracer and the parts of Saber that now will leave us. This transaction puts both companies in a stronger position to thrive going forward. Embracer is now able to discontinue all operations in Russia, according to a previous board decision, while safeguarding many developer jobs under new independent ownership. At the same time, we keep key companies, valuable IPs and future publishing rights," stated Karch.
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