Gearbox Software program, the studio most well-known for the Borderlands franchise, is reportedly up on the market as mum or dad firm Embracer Group considers choices to “shore up its funds,” in line with a September 11 Reuters report.
Three folks acquainted with the matter instructed Reuters that numerous third events have expressed curiosity in buying Gearbox from Embracer Group, with the Sweden-based holding firm working with each funding financial institution corporations Aream & Co and Goldman Sachs to discover a doable sale. Unnamed “worldwide gaming teams” are among the many doubtless consumers; nevertheless, Reuters’ nameless sources stated {that a} deal could not truly occur, although they didn’t present a motive why.
This improvement comes nearly two weeks after Embracer Group shut down Volition, a 30-year-old studio accountable for video games just like the open-world shooter Brokers of Mayhem, the first-person shooter collection Crimson Faction, and the open-world motion recreation collection Saints Row. The holding firm made the choice to shutter Volition and lay off its builders due to a failed $2 billion funding cope with the Saudi Arabia Public Funding Fund, which fell via in Could. Because of the funding association falling via, Embracer Group introduced in June a “restructuring program” meant to bolster its place within the trade. Based on an August 31 assertion from Volition on its sudden closure, the studio stated that a part of Embracer Group’s restructuring program concerned evaluating operational and strategic targets, which prompted the holding firm to shutter the studio.
Regardless of closing Volition and probably promoting off Gearbox Software program, Embracer Group nonetheless owns fairly just a few corporations. This consists of publishers Deep Silver (Useless Island 2) and THQ Nordic (Biomutant), developer Espresso Stain Studios (Goat Simulator), developer-publisher Saber Interactive (Evil Useless: The Sport), e book writer Darkish Horse Comics, and recreation distributor Restricted Run Video games, amongst others. Considered one of Embracer Group’s final acquisitions was in October 2022, when the corporate scooped up British anime distributor Anime Restricted, although a sale worth wasn’t listed.
Kotaku reached out to Embracer Group and Gearbox Software program for remark.
