Baker McKenzie Represents Embracer Group to Divest Select Assets from Saber Interactive for USD 247 Million | Newsroom

Baker McKenzie represents Embracer Group, a global gaming group, in its divestiture of certain assets from Saber Interactive for USD 247 million, with additional consideration of up to USD 94 million. Through this divestment, which includes 38 ongoing development projects, Embracer ceases all operations in Russia while immediately improving cash flow, reducing capex, net debt and future liabilities.

Led by Corporate and M&A partners David Malliband (Chicago), Airi Hammalov (New York) and Joakim Falkner (Stockholm), the multi-jurisdictional, multi-disciplinary team on this transaction included corporate team members Tino Marz (Munich), Lewis Assness (New York), Matt Bratovich (New York) and also Matt Hayes (Tax - Chicago), Mark Tibbets (Finance – New York), Nicholas Brock (Finance – New York), Cynthia Cole (IP – Palo Alto), Olof Konig (International Trade – Stockholm), Seher Budak (International Trade – Stockholm), Matilda Nyman (International Trade – Stockholm). In addition, lawyers from Baker McKenzie's offices in Argentina, Canada, Hungary, Kazakhstan, Poland, Spain and the United Kingdom formed part of Baker McKenzie's wider transaction team.

Baker McKenzie regularly represents technology companies at every stage of the deal ranging from public and private mergers, acquisitions and divestitures, joint ventures and strategic alliances, corporate counseling and governance, pre-transaction restructuring and control and minority investments to post-acquisition integration and post-divestiture reorganization. Having closed USD 400+ billion in technology M&A transactions, the team has extensive experience in complex, high-value, cross-border transactions.

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