Gaming IndustryBorderlands studio Gearbox reportedly in the ‘late stages’ of a sale, as Embracer Group continues to hack off parts of itself to keep the lights onWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
Gaming IndustryBorderlands studio Gearbox reportedly in the ‘late stages’ of a sale, as Embracer Group continues to hack off parts of itself to keep the lights onWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: Gearbox)
Rumours circulatinglast yearthat Borderlands creator Gearbox Studios is to be sold appear to have sprouted fruit. This would mark its exit from the shadow of the proverbial colossus Embracer Group, which has been having an, ah, interesting year and a bit to say the least.
The group, which gathered an unsavoury reputation for hoovering up studios after aspending spree in 2022, has been scrambling to recover for the better part of a year after a$2 billion deal fell through the floorboards, punched its way through several stories, hit the metaphorical boiler in the basement, and set the whole thing on fire.
The “restructuring” to the tune of 1,600 employees has been all about “maximising shareholder value”, which has led toless-than-subtle digsacross the industry, as Embracer Group continues its mission to say the quiet part a little too loudly for anyone’s comfort.
According to sources that spoke withKotaku, however, a town hall with Gearbox CEO Randy Pitchford was held last week in which Pitchford announced that “a decision had been made regarding the studio’s future, with more information to be shared next month.” The report then states: “Kotaku understands that the decision was made to sell, and a deal is in the late stages of being finalised.”
Pitchford himself didn’t have much to say about the matter to Kotaku, other than the fact he was “delighted that what we might be up to is interesting enough to people that you want to make a story about us for your readers”.
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