Embracer Group pays millions for The Witcher 3 Switch and World War Z developer Saber Interactive

Embracer Group, the parent company of THQ Nordic, has doled out millions to acquire Saber Interactive, the studio behind The Witcher 3 Switch port and World War Z.

Embracer Group has acquired US-based Saber Interactive in a deal worth $525 million, according to a company press release.

According to the regulatory notice, the purchase price includes "an initial consideration" of $150 million, plus an earn-out consideration, subject to fulfillment of agreed milestones, of a maximum $375 million.

Saber Interactive’s co-founders and owners, Matthew Karch and Andrey Iones, will also become the second-largest shareholder.

The studio most recently developed the Switch port of The Witcher 3 and developed World War Z, which sold more than three million units.

Previous titles developed or co-developed include TimeShift, Halo: Combat Evolved Anniversary (Xbox 360), Halo: The Master Chief Collection, Quake Champions, Ghostbusters: The Video Game Remastered, Vampyr, and support for Killing Floor 2.

Saber Interactive will remain an independent developer and currently employs around 600.