Borderlands Studio Gearbox May Be Sold by Embracer Group Its Claimed
After a tough few months for the company.
Embracer Group, the company that has gobbled up developers and IPs over the past few years, is reportedly looking at selling off Borderlands developer Gearbox Entertainment. The Swedish firm's fortunes have taken a turn for the worse over the past few months, so despite only purchasing the publisher just over two years ago, it could be the subject of a sale having received interest from third parties.
That's according to Reuters (via Market Screener), citing three sources familiar with the situation. It's said a sale is only a possibility at this stage, with no concrete plans set yet. A third-party purchase would allow the Embracer Group to "shore up its finances" as it goes for a company-wide restructuring, which began in June. This has led to the closure of certain studios as well as employee layoffs.
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