Report: Saber Interactive buys itself back from Embracer in $500m deal
The developer of the Star Wars: Knights of the Old Republic was originally acquired back in 2020
Sign up for the GI Daily here to get the biggest news straight to your inbox
Embracer Group is poised to sell off Saber Interactive to a private investor group in a deal up to $500 million.
As reported by Bloomberg, a source familiar with the matter said Saber will continue developing the remake of Star Wars: The Knights of the Old Republic.
This sale would be Embracer's most significant move in its ongoing restructuring program.
The initiative resulted from a $2 billion deal falling through for Embracer, resulting in multiple layoffs and shuttering of studios.
Saber Interactive was originally acquired by Embracer in 2020 for $525 million.
In 2022, development of the Star Wars: Knights of the Old Republic remake was passed to Saber from Aspy Media after it was on an indefinite hiatus.
The studio is poised to release Warhammer 40,000: Space Marine 2, John Carpenter's Toxic Commando, and Expeditions: A Mudrunner Game this year.