HomeNews
Saber Interactive splits from Embracer, taking 3D Realms, Slipgate, Metro devs and more with themEmbracer will also cease all operations in Russia
Embracer will also cease all operations in Russia
Image credit:Focus Entertainment
Image credit:Focus Entertainment
“This is the first transaction of the previously mentioned structured processes and marks a small but important step in our journey to transform Embracer into the future for the benefit of all employees, gamers, and shareholders,” said Embracer boss Lars Wingefors. Ah, yes, thoseall-important shareholders, can’t forget them.
Embracer will retain control of Tripwire, Beamdog, Aspyr, Tuxedo Labs, Demiurge, Shiver, Snapshot Games and 34BigThings, as well as 14 games currently in the pipeline. This includes the next AAA game from Metro makers 4A Games,Killing Floor 3andTeardown, as well as many other unannounced AAA and AA projects in development at the aforementioned studios.
According toBloomberg, the true value of the deal is likelycloser to $500 million, once you take into account 4A and Zen’s options and all the associated liabilities. Whichever way you look at it, though, it’s still short of what Embracer originally paid for them back in 2020,which came to $525 million.
Just last month, Embracerannounceda swathe of ongoing restructuring projects to combat their ballooning debt and massive overspending during recent years, resulting in the layoffs of hundreds of game developers across the globe. Here’s hoping that Beacon Interactive will provide a touch more stability for all involved.
