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Take-Two is buying Gearbox from Embracer for $460 million

Take-Two is buying Gearbox from Embracer for $460 million

[ad_1] More major changes are afoot on the business side of the video game world, as a notable name is changing hands once again. Take-Two Interactive (the parent company of Grand Theft Auto publisher Rockstar and others) has to buy Gearbox Entertainment from the embattled Embracer Group. The deal is worth $460 million in stock … Read more

Embracer sells a big chunk of Saber Interactive in a deal worth around $500 million

Embracer sells a big chunk of Saber Interactive in a deal worth around $500 million

[ad_1] , the Embracer Group much of Saber Interactive, which is known for the Metro series, Gloomhaven and remakes of classic Star Wars titles. The buyer is a group of private investors under the umbrella of Beacon Interactive, which is run by Saber co-founder Matthew Karch. Although Embracer says the deal is worth $247 million, … Read more

Saber Interactive may escape Embracer’s death hug and become a private company

Saber Interactive may escape Embracer’s death hug and become a private company

[ad_1] Saber Interactive has reportedly found an exit strategy from the death grip of its parent company, Embracer Group AB. Bloomberg reported Thursday that “a group of private investors” will buy the studio in a deal worth roughly $500 million. Saber would then become a private company with about 3,500 employees. Engadget emailed a spokesperson … Read more