Embracer Group has officially confirmed that Saber Interactive has been sold for $247 million, following news yesterday that the studio has removed all references to the mega-publisher from its official website.
Speaking in a statement to investors today, Embracer Group confirmed that the sale has resulted in the company ceasing all operations in Russia, with Saber Interactive being sold to a group of private investors at Beacon Interactive, which is helmed by Matthew Karch, the co-founder of Saber Interactive.
As a result of the sale, Saber Interactive will retain a number of studios including Nimble Giant, 3D Realms, Sandbox Strategies, New World Interactive, and Slippage Ironworks. Embracer, meanwhile, keeps Zen Studios, 4A Games, Tripwire, Beamdog, and Tuxedo Labs among others.
