Embracer Group acquires Borderlands developer Gearbox Program in deal worthy of $1.3 billion USD

Embracer Team (formerly known as THQ Nordic) are on one more studio buying spree, and this one may well be their most important nonetheless as they’ve introduced that they’ve snapped up Borderlands and Brothers in Arms creator Gearbox in a offer explained to be value a prospective $1.3 billion USD.

In a press launch, Embracer reported that Gearbox will grow to be a seventh working team as a wholly owned subsidary of the organization, and CEO Randy Pitchford (who’ll proceed to direct the organization) and the 550 workforce will all turn into joint “major” shareholders in Embracer. The $1.3 USD billion dollar value of the offer is dependent on performance targets with $363 million of the worth paid up entrance and the house owners finding just above a billion should really the business strike agreed six 12 months general performance targets.

Pitchford reported in a statement on the acqusition: “The experience at Gearbox is that we are just receiving begun and this transaction is not basically a stimulant for the talent of our personnel-owned business, but a propellent for the interesting long term we have planned.”

It can be not the only buy the Embracer Team has made currently possibly, also announcing that they have snapped up cellular publisher Easybrain together with Gearbox’s fellow Texan studio Aspyr Media who manufactured their name porting a litany of titles to the Mac but are also dependable for publishing game titles like Farenheit: Indigo Prophecy Remastered to Home windows PCs and Levels of Fear, Observer and the recent re-launch of Star Wars Jedi Knight II: Jedi Outcast to consoles.

Aspyr will report under Embracer Group’s Saber Interactive umbrella, which only as lately as August included Metro developer 4A Game titles to their fold. All 3 acquisitions sign up for an at any time growing list of acqusitions for the firm, which has included Flying Wild Hog, Zen Studios, the aforementioned Saber Interactive and a lot more just in the last twelve months by itself even prior to we try to remember the THQ Nordic, Deep Silver and Koch Media labels also in their treatment. 

Gearbox meanwhile are currently doing work with Lionsgate on a Borderlands film, which just lately announced the casting of comedian & Jumanji star Kevin Hart as Roland. 

UPDATE 16:30: 2K has responded to this news, supplying their have statement to say this information does not modify their romance with Gearbox and they will continue to be publisher of the Borderlands series for the forseeable future. Read the complete thing below.