Report: Embracer Considering Selling Borderlands Developer Gearbox - News
by William D'Angelo , posted on 11 September 2023 / 2,926 Views
Embracer Group is considering selling off Borderlands developer Gearbox Entertainment, according to three people familiar with the matter who spoke with Reuters.
Two of the people claim Embracer Group has received interest from third parties in potentially acquiring Gearbox. Embracer is reportedly working with Goldman Sachs and Aream & Co to explore a sale.
The sources did say that while there is interest from third parties a deal may not happen.
Representatives from both Embracer Group and Goldman Sachs declined to comment when Reuters contacted them.
Gearbox Entertainment was acquired by Embracer Group in February 2021 in a deal worth up to $1.3 billion.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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Embracer must be in deep trouble if they want to sell one of their biggest studios.
That Saudi Arabian deal falling through, just might bankrupt Embracer Group. Embracer bought Gearbox for 1.3 Billion, will they even get a billion back in a sale with Take Two having some say in the direction of Borderlands.
It could be that Take Two are one of the interested parties.
I doubt Gearbox is worth 1 billion tbh. Their most known franchise is becoming pretty irrelevant. They have 850 employees and multiple locations. However 500 million sounds way more realistic than 1.3 billion. Unless some of those 9AAA games that they have in development are close to releasing.
I doubt they’ll get an equivalent or better offer than what they paid for, even if you consider all the small studios that Embracer injected in Gearbox’s division. Additionally, Gearbox was bought with a mix of money and Embracer shares. I don’t know how they’ll settle it with another third-party.
Microsoft, you are up!
No way Gearbox is worth that much money. Their glory days are way behind them and that disgrace Randy Pitchford has made sure of that, Any sale should come with a condition that Randy Pitchford is sacked immediately, similar to what should happen with Bobby Kotick ( but I doubt MS will do that quickly with him ).
Borderlands 2 was peak Gearbox & the’ve come not even close since. B3 is factually a bad game.
