Gearbox, the studio behind Borderlands, is close to being sold by Embracer Group. The deal is in the late stages of finalization, with uncertainty for developers due to budget cuts and shakeups. The sale is valued at 21% of Embracer's market cap, raising questions about the company's future.
Borderlands studio Gearbox reportedly in the 'late stages' of a sale, as Embracer Group continues to hack off parts of itself to keep the lights on. https://t.co/TgmhDclxVd
Borderlands Dev Set to Join Saber in Leaving Embracer Group https://t.co/ucy1PWbhln #EmbracerGroup #Gearbox #Industry
Embracer Group sale of Borderlands studio Gearbox is reportedly in "late stages" of finalisation https://t.co/ZkkLq7C5Pm https://t.co/4LNQQiiNW1
According to the latest reports, the Borderlands developer, @GearboxOfficial, is reportedly set to part ways with @embracergroup. Read more on the matter: https://t.co/uLY8R78myH #games #videogames #gameindustry #Borderlands #Gearbox #embracergroup https://t.co/FR8KMxKgWE
The deal value equates to 21% of Embracer's entire market cap of US$2.4B currently. After Gearbox is gone, too, Embracer will have significantly less substance - which leaves me wondering what their endgame is. The gaming monster they tried to build is dead, that much is clear. https://t.co/E6ZbYdkEAu
Report: Gearbox might soon be sold by Embracer Group, with deal “in the late stages of being finalized” https://t.co/XwoZzY8ju2 #gamedev #gamedevelopment #indiedev
Borderlands studio Gearbox reportedly being sold off once again as Embracer continues its $2 billion tailspin https://t.co/p2wnVo85tK
Embracer Group sale of Borderlands studio Gearbox reportedly in "late stages" of finalisation https://t.co/ZkkLq7C5Pm https://t.co/L50eSvHGpz
Borderlands studio Gearbox could be "closer than ever" to being sold off by its parent company Embracer Group, it's claimed. CEO Randy Pitchford reportedly told staff earlier this week that a decision had been made on the studio's future. https://t.co/wlMVW0XZrN https://t.co/cmrS5KsgtA
Report: Gearbox may also be leaving Embracer https://t.co/isrw6XIWUQ https://t.co/mx5xhzfhKJ
RE: Gearbox escaping the Embracer Group. https://t.co/KIgu5rACwp
Sources: Gearbox is close to a sale. Embracer will unload the Borderlands maker in a deal to close next month. It comes after a year of uncertainty for devs at the studio amid budget cuts, shelved projects and shakeups on the next Borderlands games https://t.co/Lx9Uct5RT5 https://t.co/6qkpd4EN8s