February 29th 2024.
The Knights of the Old Republic Remake has certainly had quite a journey thus far. Recently, there has been a lot of buzz surrounding Embracer Group, the media company that acquired Saber Interactive for a whopping $500 million. And it seems that the acquisition also includes the highly anticipated KOTOR remake.
When Embracer Group was on a buying spree a few years ago, it must have felt like hitting the jackpot for Saber Interactive. They were being snatched up left and right by Embracer, along with other companies like THQ Nordic and Middle-earth Enterprises. But as time went on, it became apparent that there was no real plan in place for what would happen with all these newly acquired companies. And when a $2 billion investment fell through, Embracer was forced to start shutting down studios and laying off employees.
Now, in the latest development, Saber Interactive is reportedly up for sale. This is part of a larger trend in the gaming industry, as many publishers have been cutting jobs due to a decrease in outside investment. However, Embracer's situation is more dire because they have not released any major hits since their spending spree. They even had to shut down Volition, the studio behind the Saints Row reboot, and now they are looking to offload Saber Interactive, which houses various studios and is known for their work on the Metro 2033 series.
One of Saber's current projects is the highly anticipated remake of Star Wars: Knights of the Old Republic. Originally, the remake was being handled by Aspyr, but it was restarted at Saber and will presumably continue if another company acquires them. According to a report from Bloomberg, a group of private investors is already in talks to purchase Saber, which would make them a privately owned company once again with a workforce of around 3,500 employees.
While there has been no official announcement yet, fans have been speculating on social media about what this could mean for other companies owned by Embracer Group. In response to a tweet, reporter Jason Schreier simply said, "stay tuned," hinting at the possibility of more changes to come. He also revealed that Volition was in talks for a similar deal before their closure, which ultimately fell through.
Embracer Group currently has a debt of around $1.5 billion, so it's clear that they are in a precarious financial situation. The potential sale of Saber Interactive, and possibly other companies, could help alleviate some of that debt. In fact, there are rumors that Gearbox, the developers of the popular Borderlands franchise, could be the next to be sold.
As gamers eagerly await the release of the KOTOR remake and keep an eye on the ever-changing landscape of the gaming industry, one thing is for sure: there will be plenty of exciting developments in the near future. Stay tuned for updates and share your thoughts with us by email, leaving a comment, or following us on Twitter. And don't forget to sign up for our exclusive gaming content and get the latest releases before they hit the site.
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