Gearbox Studios, developers of games like Border areas and also publishers of things like the new one Homeworld Have title was bought by Embracer Group, the same Swedish company that owns THQ Nordic and Koch Media.
The acquisition makes Gearbox the company’s seventh video game holding company, alongside other companies like DECA and Saber Interactive.
The purchase includes plans to expand Gearbox operations, add new studios and employees, “create new brands” and look for additional properties (to like Homeworld
Gear chief Randy Pitchford – who will continue to serve as head of the company – issued a statement opening by mentioning Lars Wingefors, CEO of Embracer:
Lars’ vision of Embracer as an allied partner group aiming to nurture and accelerate the ambitions of a number of decentralized, successful entrepreneurial companies while increasing the collective value and benefits of diversification across the group is the Most brilliant strategy and design for short, medium and long term success in this industry that I have ever experienced in my 30 years in this industry. The feeling at Gearbox is that we are just getting started and this transaction is not only an incentive to the talent of our company owned by the people, but also a drive for the exciting future we have planned.
The transmission stands behind other hits like that Brothers in Arms Series, and there is one Border areas A film is currently being made that undoubtedly contributed to Embracer’s interest. Not a word on whether sales were equally affected Aliens: Colonial Marines and Duke Nukem forever, but or the fact that gear Battle-born shut down forever in this week.
The initial purchase price was $ 363 million, half in cash and half in Embracer stock, another $ 1 billion to be paid ($ 360 million in shares and the remainder in cash) if Gearbox is able to meet “agreed financial and operational targets over the next six years”.