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Embracer is Considering Selling Off Gearbox Software

Embracer Group is reportedly considering selling off Gearbox Software. The report suggests that Embracer is looking at different options for the Borderlands studio, including sale. However, Gearbox responded to the report confirming that the options are on the table including taking the company independent.

As reported by Reuters, the sale of Gearbox is only being considered at this stage and might not happen. Bloomberg later received an email in which Gearbox chief communications officer Dan Hewitt told staff of the various outcomes should the studio be put up for sale.

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Hewitt told staff in the company email:

“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.”

Two sources at Reuters claim that Embracer had received interest from third parties keen on purchasing Gearbox, so it’s apparently weighing the options of selling the studio. These third parties weren’t named other than being “international gaming groups”, who reportedly already have access to Gearbox’s marketing materials.

Embracer Group officially acquired Gearbox Entertainment back in early 2021 for $1.3 billion, though it seems like little has come of that buyout yet beyond Tiny Tina’s Wonderlands and the possibility of a fourth Borderlands game, which now may or may not be released under Embracer in the future should the option to sell move forward.

Since this is all up in the air at the moment and only being considered, we recommend taking it with a pinch of salt. It sounds like Embracer is unsure of selling Gearbox, no doubt because the Borderlands series is still a hugely popular IP in gaming that the company might have to let go. As it stands, Embracer also parents several AAA developers including Crystal Dynamics, Eidos Montreal and more.

Source: Reuters (via MarketScreener)

Editor-in-Chief of Nexus Hub, writer at GLITCHED. Former writer at The Gaming Report and All Otaku Online. RPG addict that has wonderful nightmares of Bloodborne 2.

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