Gearbox has officially parted ways with Embracer

Gearbox Cuts Ties With Embracer

Gearbox, the studio known for titles such as Borderlands 3 and Tiny Tina's Wonderlands, has officially cut ties with the Swedish gaming giant Embracer. This comes after the announcement was made In March 2024. The studio now sits in the hands of Take-Two Interactive.

Embracer purchased Gearbox for an eyebrow-raising $1.3 billion in 2021 during a rapid worldwide buying spree. However, things changed when the company changed strategy to become a “heavy-investment-mode to a highly cash-flow generative business,” and this would require “closing or divestments of some studios and the termination or pausing of some ongoing game development projects.” Studios closed by Embracer include Volition and Campfire Cabal.

The transfer didn't come out of the blue, as a staff email in September 2023 stated that the studio is looking to either transfer or go independent, as Bloomberg reports. Following the transfer, Take-Two Interactive now possesses Duke Nukem and Borderlands among other franchises, while Embracer retains ownership of Gearbox San Francisco, Gearbox Shanghai, Lost Boys Interactive, Captured Dimensions, Cryptic Studios, and publishing rights to Remnant, Hyper Light Breaker, and various unannounced titles.

With the sale of Gearbox comes the end of the company's restructuring, and it has no short-term goals of restarting mergers or acquisitions, it announced in March 2024. According to CEO Lars Wingefors, the current plan is “to increase profitability and cashflow generation” by “simply making better products and games.”

conclusion

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