THQ Nordic?s parent company, Embracer Group, has officially added another established studio under its vast umbrella. Saber Interactive, the team behind World War Z and The Witcher 3?s Switch Port, is now a member of Embracer Group?s growing family. With this purchase, Embracer acquires all of Saber Interactive?s assets, as well other related entities, such as studios based in Belarus, Portugal, Russia, Spain, and Sweden.
Embracer?s purchase price includes an initial consideration of $150 million USD. An earn-out consideration also factors into the agreement, whereby, should specific milestones be met, another sum of up to $375 million USD will be exchanged. After all is said and done, Saber will become Embracer?s fifth operating group. Together Saber?s co-founders, Matthew Karch and Andrey Iones, will serve as Embracer?s second largest shareholder.
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