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Report: Saber Interactive buys itself back from Embracer in $500m deal
(www.gamesindustry.biz)
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this post was submitted on 29 Feb 2024
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Im glad these studios are seeing the writing on the wall and taking control away from Embracer. Embracer is just fucking shit up closing up studios and killing off games in development.
And I asked this elsewhere, but what the hell is Embracer doing? Theyre eating themselves alive by doing this. Whats their endgame? How are they supposed to have any profits when theyre dumping all their product? Just how much debt did they get themselves in?
This deal happened because Embracer is shedding debt, and this is how you shed it. They just listed their debt a few months ago as 2.12B, so this and Gearbox will go a long way toward getting it down to a level they can actually afford. Meanwhile, it's very hard to track what they still own, but one of those things is Tomb Raider. They'll also have tons and tons of smaller bets. Alone in the Dark, Titan Quest II, and Gothic look to still be under their control, for instance.