{"id":134727,"date":"2023-09-11T13:45:00","date_gmt":"2023-09-11T13:45:00","guid":{"rendered":"https:\/\/www.nintendolife.com\/#article-155258"},"modified":"2023-09-11T13:45:00","modified_gmt":"2023-09-11T13:45:00","slug":"embracer-group-reportedly-looking-to-sell-borderlands-dev-gearbox-entertainment","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2023\/09\/11\/embracer-group-reportedly-looking-to-sell-borderlands-dev-gearbox-entertainment\/","title":{"rendered":"Embracer Group Reportedly Looking To Sell Borderlands Dev Gearbox Entertainment"},"content":{"rendered":"
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\"Borderlands\"<\/a>
Image: 2K Games<\/em><\/figcaption><\/figure>\n

Update:<\/strong> Bloomberg<\/a> has corroborated Reuters’ report from earlier today.<\/p>\n

Reporter Jason Schreier shared<\/a> that Bloomberg has seen an email written by Gearbox’s Chief Communications Officer, which notes that there are “many options under consideration”.<\/p>\n

The letter reportedly says “The base case is that Gearbox remains a part of Embracer… However, there are many options under consideration, including Gearbox’s transfer, taking Gearbox independent, and others. Ultimately, we’ll move ahead with whichever path is best for both Gearbox and Embracer.”<\/p>\n

This letter matches up with Reuters’ report, and reportedly ends by saying that “there will be a lot of speculation in the coming weeks.”<\/p>\n

You can check out the original report in our story below.<\/p>\n

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Original article:<\/strong> Embracer Group is reportedly weighing up options on what to do with Borderlands<\/a> developer Gearbox Entertainment, including selling the US-based studio, a report from Reuters<\/a> claims.<\/p>\n

Published earlier today, the report states that three people familiar with the situation have told Reuters that a sale is on the table as Embracer Group “looks to shore up its finances”. Gearbox market materials are already reportedly available to view to potential buyers.<\/p>\n

Two of Reuters’ sources claim that it’s mainly international gaming groups which have expressed interest but have also cautioned that a deal may not even happen. Representatives from Embracer Group and Goldman Sachs \u2014 the company working with the studio to explore a potential sale \u2014 have declined to comment to Reuters, with Aream & Co (an investment bank also involved in the deal) not responding to the request.<\/p>\n

Embracer acquired Borderlands studio Gearbox Entertainment back in February 2021 for a staggering $1.35 billion<\/a>, but the company has continued to bring in other developers, including Crystal Dynamics, Square Enix Montr\u00e9al, and Eidos-Montr\u00e9al.<\/p>\n

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