Gearbox Entertainment Sale to Exit Embracer Group Nears Completion
• Gearbox Entertainment, maker of Borderlands, is reportedly in late stages of being sold out of Embracer Group
• CEO Randy Pitchford shared news with employees, more details coming in March
• Follows confirmation that Saber Interactive will be sold to private investors for $500 million
• Gearbox's departure would mark a significant loss of IP and talent for Embracer Group
• Comes amid layoffs, closures, and crumbling of Embracer Group