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THQ Nordic parent buys The Witcher 3 Nintendo Switch developer Saber Interactive

The parent company of THQ Nordic has bought Saber Interactive, the studio behind the recent The Witcher 3 Nintendo Switch port and World War Z in a deal worth up to $525m.

Embracer Group bought Saber for an initial $150m, with a maximum earnout of $375m, depending on certain milestones. Saber has more than 600 employees across six offices.

Saber Interactive will become Embracer Group’s fifth operating group and Saber Interactive’s co-founders and owners, Matthew Karch and Andrey Iones, will jointly become Embracer Group’s second largest shareholder. Karch and Iones have committed to remaining employed within the company for at least six years.

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