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In a shocking transfer, Embracer Group has introduced the sale of Gearbox Leisure, recognized for the favored Borderlands collection, to Take-Two Interactive for $460 million USD. This sale comes simply over three years after Embracer initially acquired Gearbox for roughly $1.3 billion. The deal contains the switch of Gearbox’s growth studios in Austin, Texas, and Quebec, Montreal, together with the franchise rights to Borderlands, Tiny Tina, Homeworld, Threat of Rain, and Duke Nukem. Nevertheless, Embracer Group will retain Gearbox’s publishing arm, which incorporates titles like Remnant 2 and the upcoming Hyper Mild Breaker. Moreover, there are “different unannounced video games” below Gearbox’s publishing arm that stay with Embracer Group.
In a strategic transfer, Embracer can be holding onto the rights for Neverwinter On-line and Star Trek On-line, each MMO titles, together with Misplaced Boys Interactive and Captured Dimensions. The retained studios will likely be built-in into different components of Embracer Group within the close to future. This resolution follows Embracer’s unique acquisition of Gearbox in February 2021 for about $1.3 billion, which included shares and shares. Studies from September 2023 hinted at Embracer Group’s intention to promote Gearbox, attributed to the fallout from a failed $2 billion funding from outdoors buyers.
Embracer’s latest actions embody the closure of Saints Row developer Volition in September, additionally linked to the fallout from the failed funding. Over the course of six months final yr, Embracer Group canceled 29 unannounced video games and shut down seven studios. Notably, one of many affected tasks was an unannounced Deus Ex recreation below growth at Eidos Montreal.
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