After a financially tumultuous year, it looks like Embracer Group is preparing to sell Borderlands developer Gearbox Entertainment. Rumors of a potential sale first emerged late last year, and according to a new report, a deal is currently being finalized.

Borderlands boss Randy Pitchford responds to Gearbox sale report
An update on Gearbox’s status was provided by Kotaku. The website’s sources claim that studio CEO Randy Pitchford held a town hall earlier this week, during which he said that a decision was made regarding Gearbox’s future. Kotaku claims to have heard that a sale is currently being finalized. However, it’s not known at present who the buyer is.

In response to Kotaku’s request for comment, Pitchford released somewhat of an odd statement, expressing his delight over his company being the subject of rumors and speculations. “I’m delighted that what we might be up to is interesting enough to people that you want to make a story about us for your readers,” he said. “I’m honored and humbled that our company is a topic of rumor, speculation, and discussion.”

Pitchford added Gearbox will be “thrilled” to reveal what’s next when it has some news to share.

Elsewhere, Embracer Group is also selling Saber Interactive.

Posted: Mar 07, 2024 1:44 pm
Related Forum: Gaming Discussion

Source: https://www.playstationlifestyle.net/2024/03/01/borderlands-dev-gearbox-sale-by-embracer/