Baker McKenzie advised Embracer Group in connection with the acquisition.
Embracer Group has entered into an agreement to acquire the assets of US-based Saber Interactive. Closing of the transaction is subject to customary conditions and is expected to take place during the second quarter of 2020.
Saber Interactive is an independent developer and publisher with more than 600 employees across six offices. Key titles developed by Saber Interactive include World War Z, Mudrunner and NBA Playgrounds.
The purchase price includes an initial consideration of USD 150 million, plus an earn-out consideration, subject to fulfilment of agreed milestones, of up to USD 375 million. The acquisition will be financed by Embracer Group’s existing cash and by the issuance of new A and B shares in Embracer Group AB.
The Baker McKenzie team consisted of Anna Orlander (Picture), Joakim Falkner, Ian Gulam, Maja Uppgren, David Malliband and Airi Hammalov.
Involved fees earner: Joakim Falkner – Baker McKenzie; Ian Gulam – Baker McKenzie; Airi Hammalov – Baker McKenzie; David Malliband – Baker McKenzie; Anna Orlander – Baker McKenzie; Maja Uppgren – Baker McKenzie;
Law Firms: Baker McKenzie;
Clients: Embracer Group;