The sale of Gearbox, the developers of Borderlands, to Take-Two represents Kisser an income of approximately 460 million US dollars and it was the end point of a currency saving operation which kept the company in financial lethargy
In terms of titles, we know that more than 30 games have been canceled, resulting in the loss of more than 1,300 jobs. The future of business seems to be assuredat least for now, but that doesn’t stop many investors from wondering if Embracer can now hit the market to start making new acquisitions.
A light in the future of Embracer
Faced with this possibility, Wingefors, CEO of the holding company, said that “it is still too early” to embark on these ideas. Recall that over the last three quarters, the company transferred Saber Interactive to an independent group and closed studios like Free Radical (responsible for Time Splitters) and Volition, the creators of Saints Row.
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According to what the CEO himself said during a meeting with investors, the Gearbox operation “marks the end of the restructuring process and it is an important step in Embracer’s transformation to reduce debt and improve revenue streams.