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#Embracer is reportedly contemplating promoting Gearbox Leisure – Destructoid

Embracer is reportedly contemplating promoting Gearbox Leisure – Destructoid

Embracer Group is a big firm that has its fingers in fairly a couple of pies. In 2021, Gearbox Leisure was acquired by Embracer for an eye-watering $1.3 billion. Regardless of the dear buy, it appears not all is nicely, and a report from Reuters claims that Embracer is contemplating its choices with Gearbox.

Reuters, citing three folks conversant in the matter, states that the concerned events are working with Goldman Sachs and Aream & Co to discover a doable sale, and this comes after Embracer acquired curiosity from third events. That is definitely large information, however it’s not completely a shock, as Embracer had beforehand made it identified that the corporate is present process drastic modifications.

In June, the corporate launched an open letter explaining that it’s aiming to shift from a “heavy-investment-mode to a extremely cash-flow generative enterprise.” Doing this can require “closing or divestments of some studios and the termination or pausing of some ongoing recreation growth tasks.” We’ve already seen the results of this with the closure of Volition and Campfire Cabal.

embracer group logo 2023
Picture by way of Embracer Group.

 What occurs to Gearbox now?

Gearbox is usually identified for the Borderlands franchise, with 2019’s Borderlands 3 serving as the newest mainline entry. It has additionally printed a number of profitable titles, together with the sudden hit Remnant 2. Presently, it’s unclear what the studio’s future will seem like. Reuters warns that the deal could not occur, as nothing has been finalised. Nonetheless, Embracer’s actions this 12 months counsel the corporate is raring to shed weight.

It’s price protecting in thoughts that the report mentions a sale as simply one among its choices with Gearbox. Although it’s not acknowledged, it stands to motive {that a} doable studio closure could also be one of many different choices, which might be unhealthy information for Borderlands followers.

Gearbox was based in 1999, and since then it has positioned its fingerprints on a number of huge franchises, together with Duke Nukem and Half-Life. Although it seems it could have an unsure future forward, its longevity up to now provides hope that it’ll endure.

Smangaliso Simelane

Workers Author – Smangaliso Simelane is a author with a ardour for all issues associated to video video games. He has been writing about video video games since 2020.

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