March 29, 2024

Pierreloti Chelsea

Latest technological developments

Embracer Group acquires Borderlands developer Gearbox Software program in offer really worth $1.3 billion USD

Embracer Group (formerly identified as THQ Nordic) are on a different studio browsing spree, and this just one might be their most significant nonetheless as they have announced that they have snapped up Borderlands and Brothers in Arms creator Gearbox in a deal claimed to be well worth a likely $1.3 billion USD.

In a push release, Embracer reported that Gearbox will come to be a seventh functioning team as a wholly owned subsidary of the business, and CEO Randy Pitchford (who’ll continue on to lead the business) and the 550 workers will all become joint “considerable” shareholders in Embracer. The $1.3 USD billion greenback benefit of the offer is dependent on functionality targets with $363 million of the worth paid out up front and the homeowners finding just around a billion must the firm strike agreed six calendar year overall performance targets.

Pitchford explained in a statement on the acqusition: “The sensation at Gearbox is that we are just finding begun and this transaction is not just a stimulant for the expertise of our employee-owned corporation, but a propellent for the thrilling upcoming we have planned.”

It is really not the only order the Embracer Team has created nowadays both, also announcing that they have snapped up cell publisher Easybrain alongside with Gearbox’s fellow Texan studio Aspyr Media who manufactured their title porting a litany of titles to the Mac but are also accountable for publishing game titles like Farenheit: Indigo Prophecy Remastered to Home windows PCs and Layers of Concern, Observer and the new re-release of Star Wars Jedi Knight II: Jedi Outcast to consoles.

Aspyr will report under Embracer Group’s Saber Interactive umbrella, which only as not too long ago as August added Metro developer 4A Video games to their fold. All a few acquisitions be part of an at any time escalating listing of acqusitions for the company, which has included Flying Wild Hog, Zen Studios, the aforementioned Saber Interactive and much more just in the past twelve months alone even just before we try to remember the THQ Nordic, Deep Silver and Koch Media labels also in their care. 

Gearbox meanwhile are now doing work with Lionsgate on a Borderlands film, which just a short while ago announced the casting of comic & Jumanji star Kevin Hart as Roland. 

UPDATE 16:30: 2K has responded to this information, providing their personal statement to say this information does not adjust their partnership with Gearbox and they will remain publisher of the Borderlands series for the forseeable future. Browse the full detail in this article.