Tomb Raider Chronicles - EMBRACER GROUP ANNOUNCES DIVESTMENT OF SABER INTERACTIVE

Saber Interactive has been sold by Embracer Group in a deal valued at 247M USD. The sale does not include Tomb Raider developer Aspyr Media who was acquired by Embracer Group in February of 2021 and placed within Saber Interactive. The buyer is Beacon Interactive, a company controlled by Saber Interactive co-founder Matthew Karch.

"I am pleased that we have found a win-win solution for Embracer and the parts of Saber that now will leave us. This transaction puts both companies in a stronger position to thrive going forward. Embracer is now able to discontinue all operations in Russia, according to a previous board decision, while safeguarding many developer jobs under new independent ownership. At the same time, we keep key companies, valuable IPs and future publishing rights." Lars Wingefors, co-founder and Group CEO of Embracer, has announced.

"I will continue to remain a large, long-term shareholder of Embracer and we will remain partners on several ongoing and future projects. This transaction also safeguards the livelihoods of hundreds of professionals, many of whom I have worked with for over two decades," says Matthew Karch, co-founder of Saber Interactive and director of Beacon Interactive.

Saber Interactive is a U.S.-based developer and publisher of video games and became part of Embracer Group in April of 2020, forming the 5th Operative Group. Consisting of studios located across the world, Saber is focused on creating and or publishing games for all major platforms based on original and licensed IPs.

Embracer Group owns 132 internal game development studios including Gearbox Software and Crystal Dynamics plus an extensive catalogue of over 900 owned or controlled franchises including Borderlands and Tomb Raider. Embracer Group's shares are publicly listed on Nasdaq Stockholm under the ticker EMBRAC B.