Embracer Group to Sell Saber Interactive, Developer of Star Wars: Knights of the Old Republic Remake

Embracer Group, known for its recent studio closures and layoffs, is in the process of selling Saber Interactive, the developer behind the upcoming Star Wars: Knights of the Old Republic remake. According to a new Bloomberg report, the deal is valued at $500 million and involves selling the developer to a group of private investors.

Once the sale is finalized, Saber Interactive will become a privately owned company, no longer under the umbrella of Embracer Group. This move comes as Embracer has faced criticism for their handling of numerous layoffs in recent years. Despite the sale, Saber Interactive will continue its work on the highly anticipated Star Wars project, taking over from Aspyr Media in 2022.

The sale of Saber Interactive is part of Embracer’s broader strategy to streamline operations and reduce costs. This decision follows the collapse of a $2 billion deal with Saudi Arabia-backed Savvy Games Group in 2023. Sources indicate that the $500 million deal may also involve Saber Interactive bringing other Embracer subsidiaries into the fold.

In addition to the Star Wars: Knights of the Old Republic remake, Saber Interactive is currently developing the newly announced first-person Jurassic Park: Survival.

[Source: Bloomberg]