Saber Interactive is Leaving Embracer Group, Going Private in $500 Million Deal

Amid studio closures and layoffs at Embracer Group, one of its biggest studios, Saber Interactive, is reportedly separating. Speaking to someone familiar with the deal, Bloomberg’s Jason Schreier reports that a group of private investors have acquired the studio for up to $500 million.

While Saber Interactive is going private, it will reportedly continue to develop Star Wars: Knights of the Old Republic – Remake. It also apparently has an option to bring along other Embracer Group subsidiaries.

The role-playing game was announced with Aspyr as the developer in 2021, but subsequent reports revealed that Saber took over after development troubles. It was rumored to have been cancelled and still in development within days.

In a separate tweet, Schreier said that he “can’t promise it’ll actually come out” but that the remake is still in development. It’s unknown how all this works out with Disney, who owns the Star Wars IP, or PlayStation, which has exclusivity rights for the console version.

Saber Interactive’s reported departure comes in the wake of other major shifts in the industry, including layoffs at PlayStation Studios and Electronic Arts, the closure of SIE London Studio and Ridgeline Games, and the cancellation of projects like a live-service Twisted Metal and a first-person Star Wars shooter.