Gearbox, the U.S. game company behind the Borderlands series, is reportedly up for sale.
Reuters reports Gearbox parent company Embracer is weighing up its options, one of which is a sale. Apparently Embracer has received interest from a number of third-parties. Neither Embracer nor Gearbox have issued comment.
Embattled Embracer is currently undergoing a significant restructuring that has already seen the closure of Volition, the long-running studio behind the Saints Row series.
Earlier this year, Embracer announced it would start to close studios and cancel games as a $2 billion deal reportedly with Saudi government funded company Savvy Games Group fell through at the last moment.
Embracer Group had been on an acquisition spree over the past few years, including snapping up Tomb Raider developer Crystal Dynamics and Gearbox, among many others. The February 2021 deal to acquire Gearbox valued the company at up to $1.4 billion. Borderlands spin-offs Tiny Tina's Wonderlands and New Tales from the Borderlands both came out last year. Gearbox published hit looter shooter Remnant 2 this year, and is down to publish Blackbird Interacrtive’s sci-fi real-time strategy game Homeworld 3 at some point in 2024. Eli Roth's Borderlands film heads to theaters summer 2024.
Wesley is the UK News Editor for IGN. Find him on Twitter at @wyp100. You can reach Wesley at wesley_yinpoole@ign.com or confidentially at wyp100@proton.me.
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Reuters reports Gearbox parent company Embracer is weighing up its options, one of which is a sale. Apparently Embracer has received interest from a number of third-parties. Neither Embracer nor Gearbox have issued comment.
Embattled Embracer is currently undergoing a significant restructuring that has already seen the closure of Volition, the long-running studio behind the Saints Row series.
Earlier this year, Embracer announced it would start to close studios and cancel games as a $2 billion deal reportedly with Saudi government funded company Savvy Games Group fell through at the last moment.
Embracer Group had been on an acquisition spree over the past few years, including snapping up Tomb Raider developer Crystal Dynamics and Gearbox, among many others. The February 2021 deal to acquire Gearbox valued the company at up to $1.4 billion. Borderlands spin-offs Tiny Tina's Wonderlands and New Tales from the Borderlands both came out last year. Gearbox published hit looter shooter Remnant 2 this year, and is down to publish Blackbird Interacrtive’s sci-fi real-time strategy game Homeworld 3 at some point in 2024. Eli Roth's Borderlands film heads to theaters summer 2024.
Wesley is the UK News Editor for IGN. Find him on Twitter at @wyp100. You can reach Wesley at wesley_yinpoole@ign.com or confidentially at wyp100@proton.me.
Continue reading...
