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Karanovic & Partners Advises on Embracer Group Sale of Saber Interactive to Beacon Interactive

Karanovic & Partners Advises on Embracer Group Sale of Saber Interactive to Beacon Interactive

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Karanovic & Partners has advised both parties on Embracer Group's sale of Saber Interactive to Beacon Interactive in a deal worth USD 247 million. Baker McKenzie reportedly advised the Embracer Group.

The Embracer Group is a global group of creative and entrepreneurial businesses in PC/console, mobile, and board games and other related media.

According to Karanovic & Partners, "the former CEO of Saber Interactive and part-time chief operating officer of the Embracer Group, Matthew Karch, established a company called Beacon Interactive earlier this year, which acquired Saber Interactive from its parent company, the Embracer Group. The Serbian studio, Mad Head Games, with its operations in Serbia and Bosnia and Herzegovina, will be among those parting ways with Embracer."

The Embracer Group had purchased Mad Head Games, a game development studio from Novi Sad, back in 2020 (as reported by CEE Legal Matters on November 20, 2020).

The Karanovic & Partners team included Senior Partner Milos Jakovljevic, Partner Ivan Nonkovic, Associate Jasmin Omerdic, and Junior Associates Teodora Vasin and Pavle Vucetic.

Karanovic & Partners at a Glance

Karanovic & Partners is a regional legal practice in Southeast Europe with a tradition spanning over 25 years and cooperating offices in Serbia, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Albania. With more than 150 attorneys at law working together across the region, we take pride in our work, dedication, and understanding of our clients' industries and needs.

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, start-ups, and NGOs. We see our clients as long-term partners. We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

In our company culture, excellence is a must. We are reliable, adaptive, and fast. We operate under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

We are ambitious to propose innovative legal solutions and we are at the forefront of legal developments in Southeast Europe, pioneering new areas of the law and paving the way for new practices and regulations.

Firm's website.