The deal consists of an initial $150m fee with a maximum earn-out of $375m, depending on the fulfilment of agreed milestones. It also means that Saber Interactive will become Embracer Group’s fifth operating group, while Saber’s co-founders, Matthew Karch and Andrey Iones, will become Embracer Group’s second-largest shareholder.
In a press release, Embracer founder and CEO Lars Wingefors has shared the following:
“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 3m 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.”
This is actually just the latest in a string of Embracer Group acquisitions; the company has reportedly obtained a mighty 18 game companies over the past four years.
According to the very same press release, Saber Interactive has four announced and eight unannounced development projects in the works, all of which will now be added to Embracer Group’s portfolio. This year’s activities will “primarily” be driven by “game releases expected during the second half of the year”.