Embracer would be sold to Saber Interactive, the creators of the Star Wars: KOTOR remake, for $500 million.

embrace groupSwedish video game holding company would sell Saber Interactive private group of investors $500 million, reports Bloomberg. Saber will become a private company with approximately 3500 employees in their studios around the world and will continue to work on the highly anticipated remake Star Wars: KOTORconsidered one of the best role-playing games in history and possibly the best video game in history based on the Star Wars universe along with its sequel.

The video game industry is going through difficult times, with layoffs, cancellations and studio closures seeming to be commonplace. Embracer Group is part of this maelstrom and has undertaken a restructuring that has created 1,387 jobs. Significant reductions in the overall roster and the cancellation of 29 games that have not yet been announced.

The $500 million agreement that Embracer Group could reach with a private group of investors would also give Saber Interactive the opportunity to add a number of Embracer subsidiaries to its team. News that once again shows the moment of uncertainty that the video game industry is experiencing, and in which, one way or another, change is the order of the day.

Problems surrounding the development of the Star Wars: KOTOR (Knights of the Old Republic) remake have been common since the game was announced at the 2021 PlayStation Showcase via a trailer, but that moment of joy soon turned into a series of bad news. it has accompanied the highly anticipated title ever since. The change of studio from Aspyr to Saber Interactive and the silence surrounding the game led to believe in the worst case scenario, but for now everything continues, and despite Saber’s departure from Embracer, Star Wars: KOTOR is still in development.