The collapse of the utterly reckless Embracer Group continues to occur publicly, as juggernaut development unit Saber Interactive has announced plans to split from the embattled Swedish organisation. The division will be purchased by Beacon Interactive, a new holding firm controlled by Saber Interactive’s co-founder Matthew Karch. But as detailed in a press release on the divestment, there’s still plenty to be untangled between the two titans.
For example, Saber Interactive will retain ownership of the following subsidiaries: all Saber Interactive studios, DIGIC, Fractured Byte, Mad Head Games, New World Interactive, Nimble Giant Entertainment, Sandbox Strategies, Slipgate Ironworks, and 3D Realms.
Meanwhile, Embracer Group will cling on to the following: 34BigThings, 4A Games, Aspyr, Beamdog, Demiurge Studios, Shiver, Snapshot Games, Tripwire Interactive, Tuxedo Labs, and Zen Studios. Many of these teams will be integrated into other parts of the organisation in the coming months.
However, Saber Interactive will have the opportunity to buy back 4A Games and Zen Studios within an unspecified time frame, but if it does, Embracer Group will retain long-term licensing and publishing rights to all current and future Metro titles. Are you keeping up?
Lars Wingefors, the co-founder and CEO of Embracer Group, believes this is a win-win for both parties, especially as it means his company will now discontinue all operations in Russia: “Cash flow is immediately improved, and we remain committed to reducing net debt. The transaction yields additional headroom to amortize debt in accordance with existing bank agreements and will improve financial flexibility. 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.”
[source embracer.com]
Comments 9
What an absolute ****show. This kind of crap leads to IP’s being lost because they are stuck in ownership limbo.
It strange watching THQ in a way die a second time…
Anyone that can break away from Embracer group should do it because Embracer is doing a lot less Embracing and a lot more strangling anyone they can get their hands on.
I still don't even know of any decent games that have come out of Embracer. They really banked on having a barrage of successful AA titles but failed to really launch anything.
I think I prefer the days when Embracer Group was just known for THQNordic.
And the KOTOR remake restarts again!
I didn't think I would ever hate a company in the gaming industry more than EA but Embracer is now going to take that crown.
@Stragen8 Alone in the dark remake and Outcast 2 have or will release soon. This year there will be the gothic remake and there was space marine 2 but now that may be saber.
I also got Darksiders 3 from them some years ago. There was also the kingdoms of amalur remaster with brand new dlc.
In short, they are out there if you bother to look. You just don't see much coverage in sites such as this which focus on AAA games and sony news.
I bet for the days of the 90s when we had loads of Devs and only a few publishers because ever since EA swallowed up probably some of the best and destroyed them all it went down hill ever since
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