Three years ago, Embracer made one of the most expensive purchases in video game history. For $1.3 billion, it acquired Gearbox Entertainment, creator of Borderlands, leading to an unprecedented acquisition spree from the company. A journey that ended up being torture with endless cancellations and study closures.
But the final straw could come next month, when The sale of Gearbox to another big company could be announced.
The gearbox was reportedly sold to another company
According to several media outlets, Gearbox CEO and founder Randy Pichtford held a meeting with company staff this week in which He told them he had made a decision about the company which would be announced next month. For some time now, Pichtford reported that Gearbox had three options: stay with Embracer, vtransfer the business to another company or finance a purchase and become independent again.
And according to My city, The option chosen would be to sell to another company. News which would be announced next March, before the end of the current financial year. Of course, no further information has been revealed about the identity of the buyer. Xbox, Sony, Ubisoft, Tencent… the options are numerous and very varied within the sector. All that remains is to wait for the events to find out the new direction of Gearbox.
Of course, neither Embracer nor Gearbox have made any official comments. But Pichtford responded to Kotaku, unlike Embracer, when asked about this issue.
I’m excited that what we could do is interesting enough that people will want to tell a story about us for your readers. I am humbled and humbled that our company is a subject of rumor, speculation and discussion. As always, we’ll be happy to share whenever we have projects to announce or news to share as we work hard to achieve our mission of entertaining the world.
This sale would join that of Sabre, already announced, which is also leaving Embracer after reaching a $500 million deal for its freedom.
