Borderlands Maker Gearbox Reportedly Up for Sale by Embracer Group 1e46p Technology News

In a restructuring effort, Embracer is trying to cut down on spending by selling or closing down its studios. 3b5ar

Written by Rahul Chettiyar, Edited by Manas Mitul | Updated: 12 September 2023 20:07 IST

Borderlands Maker Gearbox Reportedly Up for Sale by Embracer Group

Photo Credit: Gearbox Software 6641

Gearbox is also involved in a film adaptation of Borderlands, directed by Eli Roth

Highlights

The report says that some third parties are interested in buying Gearbox
Gearbox could be transferred over or even go independent, as per its CCO
Embracer Group previously shut down Saints Row developer Volition

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Gearbox is reportedly up for sale by parent company Embracer Group. As per Reuters, the Swedish conglomerate is looking to restructure following a $2 billion (about Rs. 16,586 crore) deal with Saudi Arabia government-funded Savvy Games Group that fell through, earlier this year. The fallout resulted in the former cutting down on spending, in addition to closing down studios and laying off its employees. Having been acquired merely two-and-a-half years ago, Gearbox is now the latest victim, with some alleged third-party publishers expressing interest in acquiring the developer. No names were mentioned, though they were described as “international gaming groups.”

Following the original critical and commercial failure of its latest open-world reboot, as Embracer mentioned in its 2023 financial report.

Embracer has spent the last few years swiping game studios through a series of non-stop acquisitions and building an empire, bringing together coveted developers like The Hobbit, and more. This obviously cost a lot of money, which was initially covered by the aforementioned Savvy Games Group through a $1 billion investment. But in May, the latter backed out, leaving Embracer to deal with the debt.

Earlier this year, Embracer Group confirmed that The Lord of the Rings was getting an Daedalic Entertainment closing down its development division.

Amidst all this restructuring drama, switched studios from Aspyr Media to Saber Interactive, in August 2022, following the firing of two top employees.

What are the most exciting titles that gamers can look forward to in 2023? We discuss some of our favourites on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

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Borderlands: The Handsome Collection 113n57

KEY SPECS
NEWS

Genre RPG

Platform Nintendo Switch, PlayStation 4 (PS4), Xbox One, PC: Windows

Modes Single-player, Multiplayer

Series Borderlands

PEGI Rating 18+

More 2K Games Games

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