Embracer divests Saber Interactive for $247M, pulls out of Russia

Embracer Group announced today that it has sold Saber Interactive for $247 million to Beacon Interactive. Reports of the deal going through first surfaced several weeks ago, and now Embracer has disclosed the details of the split. Several of the studios for which Saber is parent will go to Beacon as well. Beacon is a company controlled by Saber’s co-founder, Matthew Karch. In addition, Embracer has announced it’s ceasing all operations in Russia.

As part of the sale, Saber will keep several of the studios nested under it, including 3D Realms, Nimble Giant, New World Interactive, Sandbox Strategies, Mad Head Games, Slipgate, Fractured Byte, Digic and all Saber-branded studios. Embracer plans to keep Aspyr, Beamdog, Tripwire, Tuxedo Labs, 4A Games, 34 Big Things, Demiurge, Zen Studios, Snapshot and Shiver. It’s worth noting the deal includes the option for Beacon to purchase 4A Games and Zen Studios for an undisclosed sum.