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Embracer Group, the company behind the closure of Saints Row studio Volition Games and layoffs at companies like Eidos-Montréal and Black Forest Games, is set to sell Star Wars: Knights of the Old Republic remake developer Saber Interactive, according to a new Bloomberg report. Embracer is selling the developer to a group of private investors in a deal worth $500 million, a source told the publication.
Once the deal goes through, Saber Interactive will be a privately owned company and free from Embracer, which is behind layoffs spread throughout the past couple of years. Following the transaction, the studio will continue work on its Star Wars: Knights of the Old Republic remake, which it took over as the developer after Aspyr Media was removed from it in 2022.
Bloomberg reports this sale is another effort of Embracer to cut costs alongside studio closures and layoffs after a planned $2 billion deal with Saudi Arabia-backed Savvy Games Group fell through in 2023. The publication writes one of its sources says the $500 million deal comes with the option for Saber Interactive to bring with it multiple Embracer subsidiaries as well.
Saber Interactive is also working on the recently announced first-person Jurassic Park: Survival.
[Source: Bloomberg]