Monday, June 17, 2024

Embracer Group acquired Borderlands Gearbox development company for $ 1.3 billion


Borderlands developer Gearbox Software is now part of the Embracer Group, the parent company that includes publishing and development studios THQ Nordic, Saber Interactive, Koch Media, Deep Silver, and Coffee Stain Studios. Embracer’s acquisition of Gearbox, Gearbox Entertainment Company, which includes Gearbox Software and Gearbox Publishing, is for $ 1.378 billion, according to New version.

Gearbox founder and CEO Randy Pitchford described the agreement as “not just a catalyst for our employee-owned talent, but a boost for the exciting future we have planned.” According to a press release, the agreement allows for the expansion of talent at Gearbox Studios, the creation of new Gearbox Studios and expanded partnerships.

During a question and answer session hosted by the Embracer Group, Pitchford indicated that the agreement will not affect future and current game development in the popular Borderlands franchise.

Pitchford said: “We love our relationship with Take-Two and 2K Games and we are committed to working together through all the well-known and planned Borderlands work that we do.” I hope we continue and create new opportunities together ”.

Pitchford later explained that Gearbox has “a relationship with Take-Two in which we have agreed on some intellectual property exploitation rights – Gearbox’s intellectual property is.”

Publisher 2K Games said in a separate statement: “As the proud publisher of the Borderlands franchise, we are delighted with our Gearbox partners and this exciting new chapter for their organization.” “The merger does not change 2K’s relationship with Gearbox or our role as editor of Borderlands IP or any other project that we are currently working on with the studio. We look forward to continuing our long-term partnership with this incredibly talented team and providing many of the most exciting entertainment experiences for gaming enthusiasts around the world. “.

Gearbox was founded in 1999. Their listings include Brothers in Arms, Borderlands, Duke Nukem, and Homeworld, the latter two coming from 3D Realms and THQIn front. In addition to three main Borderlands games and a handful of sub-franchises, Gearbox is developing a live action movie Based on the Shooter Loot series. The film he plays is directed by Eli Roth. Cate blanchett And the Kevin HartBy Lionsgate.

Distribution section launched on Gearbox Hello neighborsAnd the We are a little happyAnd the Rain Hazard 2And and Godval.

Embracer Group, based in Karlstad, Sweden, was previously known as THQ Nordic AB. The parent company has 57 in-house game development studios and more than 200 of its own franchises, including Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs. ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory and Wreckfest.

Embracer announced two more acquisitions on Wednesday: Aspyr Media, acquired through Saber Interactive, and Easybrain, a mobile game development company specializing in logic and puzzle games.

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

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