Saber Interactive, the developer behind the remake of Star Wars: Knights of the Old Republic, is reportedly splitting off from Embracer Group. Borderlands developer Gearbox is also reportedly following in the same steps of being sold as well.

According to Bloomberg, Saber Interactive is going to become a privately owned company with around 3,500 developers. Embracer Group is reportedly going to sell the studio in a deal worth up to $500 million.

Saber Interactive is also reportedly still continuing development on the Star Wars game remake, which was previously under Aspyr Media. Saints Row developer Volition was seemingly going to be sold too, but the deal reportedly fell through prior to the studio shutting down.

As reported by Kotaku, Gearbox CEO Randy Pitchford held a town hall meeting letting its approximately 1,300 staff know that the company was going to be sold. The deal is reportedly in its final stages. Rumors of a sale were circulating back in September when marketing materials were already available for potential buyers, mainly of international gaming groups.

Earlier this month, Embracer Group said that it still had ongoing divestment processes, and it seems like Saber Interactive and Gearbox are some of them.

Embracer Group has been laying off staff in droves and shutting down studios since its alleged $2 billion investment from a Saudi-backed fund fell through. The studios include like the newly revived Free Radical Design.

GameSpot reached out to Saber Interactive but it declined to comment.

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