Embracer Group has entered into an agreement to acquire the assets of Saber Interactive and related entities, including studios in Russia, Sweden, Belarus, Spain, and Portugal, and including the shares of certain related companies.

The purchase price amounts to $150 million on a cash and debt free basis in a combination of cash and newly issued A and B shares of Embracer Group at closing, and a potential earn-out payment of USD 375 million, assuming certain objectives and conditions being fulfilled, in a combination of cash and newly issued A and B shares of Embracer Group. The total consideration, assuming full earn-out, thus amounts to USD 525 million.

"Saber has been on our radar for a very long time because of their deep history of consistently high-quality work. Their ambitious moves towards self-funding projects in recent years have been particularly impressive, especially with World War Z, which sold more than three million units. While Saber will remain a standalone company within Embracer Group, we look forward to collaborating with them to elevate their ability to create and market premier titles.”, says Lars Wingefors, Founder and CEO of Embracer Group.

"Over the course of 19 years as an independent developer, Saber has had its share of suitors. With Embracer Group, we’ve at last found the perfect partner. We could not be more thrilled to see through the many projects we’ve dreamed of together.” says Matthew Karch, Co-Founder and CEO of Saber Interactive.