Debt

Saber Interactive Gets 'Significant' Equity Investment to Pay Down Embracer Debt

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Private equity firms Aleph Capital and Crestview Partners have made a “significant” investment in Saber Interactive. With the investment, Saber will use it to pay off its debt to former parent company Embracer. In March, it sold Saber and several other subsidiaries to Beacon Interactive in a 247 million dollars Deal. The just-concluded deal has … Read more

Foretold Studios Accused of Failing to Pay Salaries, Plunging Some Workers Into Debt

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Tollan Universe developer Foretold Studios failed to pay several employees for months of work, plunging some of them into debt. Several former employees told Game Developer that the studio skipped numerous salary payments, engaged in questionable hiring practices, and suffered damages due to mismanagement. Despite these issues, the studio is apparently moving forward with development … Read more