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Embracer is considering options for its U.S. game developer Gearbox Entertainment including a sale as Europe’s largest gaming company looks to shore up its finances, three people familiar with the matter told Reuters.
Embracer is weighing selling the unit, which is known for first-person shooter game Borderlands, after receiving interest from third parties, two of the people said.
Embracer, majority owned by founder Wingefors, purchased Gearbox in February 2021 in a deal that valued the business at up to $1.4 billion at the time.
Gearbox marketing materials are already available for potential buyers, which consist mainly of international gaming groups, said two of the people.
The sources, who requested anonymity as the matter is confidential, cautioned a deal may not happen.
Did not know they started as thq Nordic etc thanks for info. I tried looking them up a while ago but couldn’t find anything on it. Thnaks
Wikipedia is your friend for quick information: https://en.wikipedia.org/wiki/Embracer_Group
Beats Google very often, in my experience.
I always treat Wikipedia as a first stop for a general overview under the caveat that not all information may be accurate or complete. From there, I typically use google to look up more info on specific events and such, or sometimes check the referenced sources if they’re available.
Exactly what I do! I just wanted to keep my previous comment short.
That is reasonable. Short comments are easier to digest and quicker to write.
Unfortunately, I am not a particularly reasonable person.