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Embracer Group acquires Borderlands maker Gearbox Entertainment for $1.3 billion
Also,
Embracer Group acquires Aspyr Media for up to $450 million
Embracer Group acquires mobile game maker Easybrain for $640 million
Borderlands maker Gearbox Entertainment said the Embracer Group is acquiring the triple-A game studio for up to $1.3 billion.
The Frisco, Texas-based Gearbox will become a wholly owned subsidiary of the Karlstad, Sweden-based company. The transaction gives Gearbox access to new capital to help it make more games and become a significant part of the Embracer Group, which has 5,500 employees around the world.
Now it is adding Gearbox’s team of 550 in Frisco, Texas, and Quebec City, Canada, to its roster. Gearbox will become Embracer Group’s seventh operating group. Embracer Group made headlines in November when its buying spree surged; the company announced it had acquired 12 game studios and a PR firm in a single day. And at the same time that Embracer Group announced the Gearbox deal, it also said it was buying Easybrain, a mobile game maker in Cyprus, for $640 million.
Over the years, Gearbox has worked on the Borderlands and Brothers in Arms franchises, and it helped with the development of Half-Life, Counter-Strike, Tony Hawk’s Pro Skater, 007 James Bond, and Halo.
Also,
Embracer Group acquires Aspyr Media for up to $450 million
Embracer Group acquires mobile game maker Easybrain for $640 million
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