Companies Hug group And Take-Two Interactive they agreed. The owner of Grand Theft Auto, Mafia, Civilization or BioShock buys the creator Borderland for 460 million dollars. The plan had previously been discussed in light of Embracer’s financial problems and the fact that Take-Two published parts of the Borderlands comic book series through its 2K Games division.
Part of the development is being handled by 2K Games. This means Gearbox Entertainment with Gearbox Software, Gearbox Montréal and Gearbox Studio Quebec, as well as the rights to the Borderlands, Tiny Tina’s Wonderlands, Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem brands. Gearbox founder will remain at the helm Randy Pitchford.
Embracer retains Gearbox Publisher, Cryptic Studios and Lost Boys Interactive, the creators of Neverwinter Online and Star Trek Online. The publishing division will soon be renamed, and the developers of the two aforementioned teams will be part of Embracer.
Gearbox is currently working on six projects, including five sequels. Among them are new parts of the Borderlands and Homeworld series (most likely Homeworld 3). According to earlier information, they should focus on Borderland 4 And Tiny Tina’s Wonderland 2. This has already been confirmed in 2021. return of Brothers in Arms.
Swedish video game and media holding company Embracer Group bought Gearbox in 2021 for $1.3 billion. The upfront payment was $363 million, split equally between cash and Embracer stock. Approximately a billion was associated with the achievement of several goals over six years. It’s unclear whether Gearbox succeeded in achieving these goals.
The sale of Gearbox is part of a major restructuring of Embracer. Financial difficulties began in 2023 after a $2 billion deal fell through. She should have invested in the company Savvy Games Group, owned by the Saudi Arabian government. Since then, there has been extensive restructuring, including the elimination of at least 29 projects and 1,387 jobs (8% of the workforce), including the new Deus Ex.
Embracer is committed to reducing debt, reducing business risk and improving profitability. She recently parted ways with a troubled company Saber Interactive division. The sale of Gearbox should be the final part of the restructuring.
Source :Indian TV
