Saber Interactive has reportedly found a way to break free from the control of its parent company, Embracer Group AB. According to Bloomberg, a group of private investors is set to purchase the studio for approximately $500 million, making Saber a private company with 3,500 employees.
Engadget reached out to Saber for confirmation, but the studio declined to comment on the alleged buyout.
If the deal goes through, it would mark one of Embracer’s most significant cost-cutting measures following the collapse of a reported $2 billion deal with a group backed by Saudi Arabia’s sovereign wealth fund. This move was met with criticism, with some likening it to “sportswashing,” a tactic used to improve the global image of beleaguered governments through high-profile acquisitions and partnerships. This came in the wake of US intelligence’s findings regarding the murder of The Washington Post reporter Jamal Khashoggi in late 2018.
Embracer has been making other cost-cutting moves as well.
2024-02-29 15:36:24
Original from www.engadget.com