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Embracer Group AB: Announcement from Embracer Group s annual general meeting
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Announcement from Embracer Group s annual general meeting
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Announcement from Embracer Group s annual general meeting
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Saber Interactive has so many projects in dev that its CEO lost count
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Collaborative efforts on new games are already underway on February 4, 2021, 13:59
In a nutshell: Swedish video game holding firm Embracer Group has acquired Borderlands creator Gearbox Software and Aspyr Media. The two studios will join Embracer s stable of over 57 developers and publishers, including Saber Interactive, THQ Nordic, Koch Media/Deep Silver, Volition, 4A Games, and more.
Embracer Group announced the Gearbox merger s one-day purchase price amounted to $363 million, including $175 million in Embracer B shares, with the remainder paid in cash. Gearbox will operate as a wholly-owned subsidiary, with founder Randy Pitchford at the helm. Gearbox is arguably one of the most creative and valuable independent developers in the world, said Embracer Group Founder and CEO Lars Wingefors. We believe that the resources offered by Embracer will position Gearbox for continued significant growth in the years to come.