Gearbox Entertainment may be for sale

A new report says Embracer Group is considering a sale of the Borderlands studio.

Gearbox Entertainment
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It was only two years ago that Embracer Group acquired Gearbox Entertainment, giving it full ownership of the studio behind Borderlands and a slew of other IP. However, we could soon be seeing Gearbox under new ownership. As Embracer Group continues to restructure and reexamine the state of its business, a sale of Gearbox could be on the table.

The report comes directly from Reuters, which spoke to three people familiar with the situation. According to the report, Embracer Group is working with Goldman Sachs and Aream & Co to coordinate the sale and has already received interest from a handful of potential buyers.

The Gearbox logo on a wall at the studio's office.

Source: Gearbox Entertainment

The reported interest in selling Gearbox is the latest chapter in the overall restructuring happening at Embracer Group. This restructuring was announced after a $2 billion acquisition fell apart in May, which sent the company’s shares tanking. Interestingly enough, it was later revealed that the mysterious deal was with Saudi-backed Savvy Gaming. Last month, Saints Row developer and Embracer subsidiary Volition officially closed its doors after thirty years. The restructuring also led to numerous other layoffs and game cancellations.

Most recently, Gearbox released Tiny Tina’s Wonderlands, a Borderlands spin-off that focused on the beloved titular side character. The studio has also published a plethora of games over the past few years, including Remnant 2, Have a Nice Death, and Tribes of Midgard. It’s worth noting that Reuters’ sources indicated that there is a solid chance that a deal doesn’t get done and Gearbox stays with Embracer. If Gearbox were to get dealt, it’d be fairly significant shift in the industry. Stick with Shacknews for everything on the business side of the gaming world.

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_

From The Chatty
  • ? reply
    September 11, 2023 7:15 AM

    Donovan Erskine posted a new article, Gearbox Entertainment may be for sale

    • ? reply
      September 11, 2023 8:02 AM

      Nah I'm good

    • ? reply
      September 11, 2023 8:33 AM

      Who is going to bite? Microsoft or Sony? Valve?

      • ? reply
        September 11, 2023 9:00 AM

        RIP Steve :(

      • ? reply
        September 11, 2023 9:03 AM

        Nintendo

      • ? reply
        September 11, 2023 9:07 AM

        Maybe 2K? Get them cracking on more Bordrelands?

        • ? reply
          September 11, 2023 11:48 AM

          2k would make a lot of sense.

    • ? reply
      September 11, 2023 9:31 AM

      I just want the battleborn ip

      • ? reply
        September 11, 2023 11:49 AM

        y tho

        • ? reply
          September 11, 2023 1:21 PM

          Because it's the best game ever made and died too soon :(

      • ? reply
        September 11, 2023 6:06 PM

        Buy me battleborn or go to hell!

      • ? reply
        September 11, 2023 7:59 PM

        "But you have Battleborn at home" hands a copy of OW2 over

    • ? reply
      September 11, 2023 9:58 AM

      I'm actually surprised that randy pitchford didn’t cash out and grift his way to mad money earlier given the run on studios and inflated payouts. Dude always had the carny instinct to spin shit into gold.

      • ? reply
        September 11, 2023 11:07 AM

        Maybe that was the plan with the billion dollar buy out but that didn't happen. This might be plan B.

    • ? reply
      September 11, 2023 12:06 PM

      …but who’s bouyin’?

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