Embracer Group announces $1.3 billion merger with Borderlands creator Gearbox Entertainment

Embracer Group, the parent company of studios like THQ Nordic, Koch Media, and Saber Interactive, announced early Wednesday morning that information technology'll be entering a merger with Gearbox Amusement. The bargain can amount to upward to $i.three billion.

The press release, posted on Embracer's website, states that the bargain will permit Gearbox to collaborate with Embracer and utilize its resources to continue develop games and franchises.

The deal seems to include both Gearbox Software, the developer side, and Gearbox Publishing. This likewise includes Gearbox's film and TV projects, including the in-development Borderlands movie. Interestingly, it includes mention of a Duke Nukem movie, which we haven't heard rumblings about since 2022.

CEO Randy Pitchford volition continue to lead the company, which will still operate every bit an contained studio. The press release also states that all other Gearbox employees volition brand the movement and become shareholders in Embracer.

"The feeling at Gearbox is that we are just getting started and this transaction is not but a stimulant for the talent of our employee-endemic visitor, just a propellent for the exciting future we accept planned," Pitchford said in the statement.

This bargain will brand Gearbox the seventh subsidiary in Embracer's portfolio. The others are THQ Nordic, Koch Media (which publishes games under Deep Silver), Coffee Stain Studios, Amplifer Game Invest, Saber Interactive, and Deca Games. According to its website, it has over five,500 employees and contractors across the world. That means kickoff-party Gearbox franchises similar Borderlands and Homeworld and published games like Hello Neighbor and Godfall will be nether the same umbrella as Metro: Redux, Remnant: From the Ashes, World War Z, and a lot more.

Borderlands is standing to exist a success for Gearbox. Take-Two Interactive announced in May that the game crossed 10 million copies sold. On the other side, its 2022 FPS hero-shooter Battleborn was taken offline on Jan. 31.

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