Embracer Group May Sell Gearbox After Failed $2B Investment Deal
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Embracer Group is reportedly considering selling Gearbox, developer of Borderlands, after a $2B investment deal fell through.
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Gearbox was acquired by Embracer in 2021 for $1.4B. Selling it could help fill the $2B hole left by the failed investment.
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Embracer has acquired many studios, including Crystal Dynamics and Eidos Montreal from Square Enix.
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Gearbox is currently developing Borderlands 4. A Borderlands movie is also set for 2024.
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Potential buyers for Gearbox could include Sony, Microsoft, or 2K, which publishes the Borderlands series.