Embracer Group Sells Selected Assets for $247 Million to Beacon Interactive
Matthew Karch, Co-founder of Saber Interactive, Acquires Nearly 3,000 Workers and 38 Projects Through Beacon Interactive
Embracer Group has reported the sale of “selected assets” for $247 million to Saber Interactive co-founder, Matthew Karch. The transaction involved Beacon Interactive – a company controlled by Karch – and the sale included nearly 3,000 workers and 38 projects.
Co-founder and Group CEO of Embracer Lars Wingefors added in a statement: “I will continue to remain a large, long-term shareholder of Embracer and we will remain partners on several ongoing and future projects.”
Retained Pipeline Includes 14 Games Featuring Joint Projects
- Two joint projects
- A variety of AAA titles and IPs, including a previously announced AAA keyboards based on a major license
- New AA keyboards from 34 Big Things
- AA keyboards based on an Asmodee IP
- Killing Floor 3
- Teardown
Embracer Group had previously planned to sell Saber Interactive, but now that Beacon Interactive controls new assets, Karch claims the divestment benefits both parties in their efforts to grow their respective businesses.
Embracer Group has faced criticism over recent mass layoffs; the company openly acknowledged laying off workers in a bid to streamline its operations.
