The planned sales of 4A Games and Zen Studios have been cancelled, according to Embracer, and the companies would still remain part of the conglomerate. Founded in 2011, Embracer is a Swedish holding company for video games and media that acquired the intellectual property (IP) of defunct publishers like JoWood and THQ. After then, the business expanded to the point that it went public in 2019. It then started buying and acquiring businesses in 2023, expanding quickly and gaining companies like Zen businesses, the maker of pinball games, and 4A Games, the producer of Metro.

The conglomerate felt the full impact of the Embracer Group's acquisition momentum when it became unable to finance all of the projects it had under its purview as a result of the succession of acquisitions. As a result, a number of businesses closed, numerous workers were let go, and events were postponed. A few of these firms include the likes of Free Radical Design and Volition, while the Embracer Group reorganized itself following its inability to get a multibillion-dollar contract with Saudi Arabia. It also had to sell off some of the studios it had bought, such Saber Interactive, which brought it $247 million. Nevertheless, rumors have claimed that Embracer will keep two development studios—the previously mentioned 4A Games and Zen—from this initial sale.

The two development studios will remain with the corporation, according to a statement issued by Embracer. When Embracer was selling Saber Interactive to a group of private investors under the name Beacon Interactive, a new business founded by Saber co-founder Matthew Karch, 4A Games and Zen Studios were initially part of the $247 million purchase. Embracer's cash flow improved as a result of an early repayment and the sale of assets from Saber Interactive, which also made it possible to settle all obligations associated with the deal. "We are happy that the deal is over and that Embracer will still be home to the outstanding teams and resources of 4A Games and Zen Studios. 

The CEO also thanked Matthew Karch for his years of services and complimented Saber Interactive on the success of Warhammer 40K: Space Marine 2. In addition, he wished Saber and Karch success in their next endeavors at Beacon Interactive. Regarding 4A Games, the firm is "eager" to disclose that it is currently developing two AAA games.

Embracer, which split into three different publicly traded firms as a result of its disastrous $2 billion investment, is still reorganizing itself. While some businesses that were previously owned by Embracer, like Shiver Entertainment, were acquired by Nintendo, others, including Pieces Interactive, the developer of Alone in the Dark, and Piranha Bytes, closed its doors as recently as June 2024.