Embracer Group has entered into an agreement to acquire Aspyr Media through its wholly owned subsidiary Saber Interactive, the company announced.
Aspyr Media is a publisher and developer with over 24 years of experience and a team of 140 staff. Following the acquisition, it will act as a standalone entity under Saber Interactive.
“I have been a fan of Aspyr for longer than I have been in the industry,” said Saber Interactive CEO and director of the Embracer Group board Matthew Karch in a press release. “[Founders] Michael [Rogers] and Ted [Staloch] are true entrepreneurs that have built a business by identifying and exploiting opportunity where no one else saw it. They are a perfect fit for Embracer and I am proud to now call them partners. Together we will be able to greatly expand our development and publishing activities here in the US. Stay tuned for details on some of the amazing games we have under joint development. Today is a truly amazing day for Saber and the entire Group.”
Aspyr Media co-founder Michael Rogers added, “We are thrilled to join forces with Saber and to become part of the entire Embracer family. We are confident that Embracer is the ideal partner for us as we look to accelerate growth and execute on our exciting pipeline. We have been in the games industry for two and a half decades, but it feels like we are just getting started. We look forward to exploring opportunities to collaborate with other entrepreneurs within the wider Embracer Group to bring celebrated games to our fellow gamers around the world.”
According to the press release, Aspyr Media “has an exciting pipeline and is looking to build on its’ vast catalogue during the next few years as well as to bring out new content based on multiple licensed IP.” Several games are in development, including “one major ongoing game development project with an approximate budget of USD $70 million hat is expected to become an important for the entire group.”