NewsVideo Games

Gearbox Owner Embracer Is Considering Selling the Borderlands Studio

Gearbox Owner Embracer Considering Selling Studio Borderlands sale

Embracer Group may be seeking to sell Borderlands developer Gearbox Software. News on the potential sale comes from a Reuters report. According to three of the site’s sources, the Sweden-based mega-corporation is working with Goldman Sachs and Aream & Co to explore a potential sale. It’s a move that arrives after Embracer allegedly received interest from third parties. Although the company is looking at its options for Gearbox, it’s possible that no sale happens at all.

Embracer, which encompasses other gaming companies like THQ Nordic, Saber Interactive, and Asmodee, as well as the rights to the entire The Lord of the Rings universe, announced plans to restructure in June of this year. At the time, CEO Lars Wingefors said that these new initiatives would see the organization focusing on “cost saving, capital allocation, efficiency, and consolidation” through March 2024. While some, such as Tomb Raider and Perfect Dark developer Crystal Dynamics, have assured fans that it will not be affected by these changes, others have not been so lucky. We’ve seen the effects of the restructure already, with one recent example being the closure of Saints Row series developer Volition just last month.

It seems Embracer’s next phase might involve selling Gearbox after acquiring the studio in 2021. However, it’s worth noting that neither Embracer nor Gearbox have said anything official on the matter, with two of Reuter’s sources cautioning that a deal might not materialize at all. If the Borderlands developer does find its way to new ownership, you can be sure to read about it here.

About the author

Michael Cripe
Michael joined The Escapist team in 2019 but has been covering games, movies, TV, and music since 2015. When he’s not writing, Michael is probably playing Super Mario Sunshine, Dead Space, The Binding of Isaac, or Doom Eternal. You can follow his news coverage and reviews at The Escapist, but his work has appeared on other sites like OnlySP, Gameranx, and Kansas City’s The Pitch, too. If you’d like to connect and talk about the latest pop-culture news, you can follow Michael on Twitter (@MikeCripe), Instagram (mike_cripe), or LinkedIn if that’s your thing.