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Report: Saber Interactive buys itself back from Embracer in $500m deal (www.gamesindustry.biz)

submitted 8 months ago by [email protected] to c/[email protected]

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From Bloomberg (via archive.ph): https://archive.ph/63F4L

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[–] [email protected] 1 points 8 months ago

This deal happened because Embracer is shedding debt, and this is how you shed it. They just listed their debt a few months ago as 2.12B, so this and Gearbox will go a long way toward getting it down to a level they can actually afford. Meanwhile, it's very hard to track what they still own, but one of those things is Tomb Raider. They'll also have tons and tons of smaller bets. Alone in the Dark, Titan Quest II, and Gothic look to still be under their control, for instance.