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Embracer's 2021 deal had valued Gearbox at up to $1.4 billion ... Sweden's Embracer for $460 million in stock to beef up its arsenal of titles with games including first-person shooter ...
Take-Two Interactive has acquired video game developer Gearbox, the maker of the “Borderlands” franchise, from Embracer Group for $460 million. Per Take Two, the company “expects the ...
Part of Borderlands ' features is the use of procedural generation to create the weapons and other gear that drop from defeating enemies or completing missions, with the first game featuring more than 15 million possible variations, according to Gearbox. Borderlands also features a cell-shaded-like art style giving the game a comic-book ...
The title will mark the first “Borderlands” game released since 2K Games parent company Take-Two Interactive revealed plans to acquire Gearbox from Embracer Group for $460 million.
Embracer Group announced three major acquisitions in February 2021: Gearbox Entertainment (including Gearbox Software) for $1.3 billion and Easybrain for $640 million as the seventh and eighth operative groups, as well as Aspyr (under Saber Interactive) for $450 million. [42] [43] [44] These acquisitions were completed by April 2021. [45]
Embracer Group made multiple layoffs, game cancellations, and studio closures between August 2023 and March 2024 after its $2 billion deal with Saudi Public Investment Fund fell apart. The company reportedly reduced its headcount by 7,761, closed or divested 44 internal and external studios, and decreased the number of game projects by 80.
Embracer (aka THQ Nordic) is merging with 'Borderlands' creator Gearbox and buying the game port experts at Aspyr.
Embracer Group is a Swedish video game holding company controlled by Lars Wingefors. In 2016, the company was spun out of Nordic Games Group and in 2019 it was renamed Embracer Group. As of 2024 they own more than 106 internal studios in over 45 countries in Europe and the Americas.