Embracer Group Restructures, Looks to Sell Gearbox Studio in Latest Move
• Embracer Group reportedly in "late stages" of finalizing sale of Borderlands developer Gearbox • Sale said to be part of Embracer's ongoing "comprehensive restructuring program" • Follows reports Embracer selling Saber Interactive publishing group for up to $500M • Embracer initiated restructuring after $2B partnership collapsed in May 2022 • Restructuring has included laying off 1,387 employees and shutting studios like Free Radical