SCOOP: Saber Interactive, developer of the Star Wars: Knights of the Old Republic remake, will leave Embracer in a $500 million deal to become a privately owned company — the biggest move yet in Embracer's ongoing cost-cutting initiative

For months now Pitchford has told developers at Gearbox that there were three possible scenarios: stay with Embracer, sell to someone else, or finance a buyout and go back to being independently run. Kotaku understands that the decision was made to sell, and a deal is in the late stages of being finalized.

Is this good for the companies?
Nobody can predict the future, but staying under the Embrella would almost definitely have been worse, given previous track record.

Discussing those job cuts and potential divestments, Embracer reassured onlookers that its "overruling principle is to always maximize shareholder value in any given situation."

Fucking ghouls.
Absolutely disgusting.