Borderlands developer Gearbox Software is now part of the Embracer Group, the parent company that includes publishing and development studios THQ Nordic, Saber Interactive, Koch Media, Deep Silver and Coffee Stain Studios. Embracer’s acquisition of Gearbox – namely Gearbox Entertainment Company, which includes Gearbox Software and Gearbox Publishing – is worth $ 1.378 billion dollars, according to a press release.
Gearbox founder and CEO Randy Pitchford called the transaction “not just a stimulus to the talent of our co-owned company, but a fuel for the exciting future we have planned.”
During a Q&A session hosted by the Embracer Group, Pitchford indicated that the agreement will not affect the development of future and existing games in the popular Borderlands series.
“We love our relationship with Take-Two and the 2K Games brand, and we are committed to working together through all the known and planned Borderlands work we do,” said Pitchford. “I expect that we will continue to create new opportunities together.”
Pitchford later emphasized that Gearbox has “a relationship with Take-Two where we have agreed on certain rights to exploit IP – IP is a Gearbox IP.”
“As the proud publisher of the Borderlands series, we are delighted with our Gearbox partners and this exciting new chapter for their organization,” publisher 2K Games said in a statement. “The merger does not change 2K’s relationship with Gearbox or our role as publisher for Borderlands IP or other projects we are currently working on with the studio. We look forward to continuing our long-term partnership with this incredibly talented team and delivering many more exciting entertainment experiences to gaming fans around the world. ”
Gearbox was founded in 1999. Its properties include Brothers in Arms, Borderlands, Duke Nukem and Homeworld – the latter two being acquired from 3D Realms and THQ respectively. In addition to three mainline borderland games and a handful of franchise spin-outs, Gearbox is developing a live-action movie based on its looter-shooter series. Eli Roth directs the film, starring Cate Blanchett and Kevin Hart, for Lionsgate.
Gearbox publishing house has published Hey neighbor, We happy few, Danger of rain 2, and Godfall.
Embracer Group, based in Karlstad, Sweden, was previously known as THQ Nordic AB. The parent company has 57 in-house game development studios and more than 200 owned franchises, including Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs. ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory and Wreckfest.
Embracer announced two further acquisitions on Wednesday: Aspyr Media, acquired through Saber Interactive, and Easybrain, a mobile game developer specializing in puzzle and logic games.