Embracer Team acquires Borderlands developer Gearbox Program in deal worth $1.3 billion USD

Embracer Team (formerly acknowledged as THQ Nordic) are on yet another studio browsing spree, and this one particular may be their biggest nevertheless as they’ve announced that they have snapped up Borderlands and Brothers in Arms creator Gearbox in a offer said to be worthy of a probable $1.3 billion USD.

In a push launch, Embracer said that Gearbox will grow to be a seventh running group as a wholly owned subsidary of the business, and CEO Randy Pitchford (who’ll continue on to guide the company) and the 550 workforce will all grow to be joint “substantial” shareholders in Embracer. The $1.3 USD billion greenback worth of the offer is dependent on effectiveness targets with $363 million of the price paid up entrance and the house owners getting just around a billion really should the business hit agreed six calendar year overall performance targets.

Pitchford explained in a statement on the acqusition: “The sensation at Gearbox is that we are just receiving started off and this transaction is not just a stimulant for the expertise of our worker-owned firm, but a propellent for the thrilling foreseeable future we have planned.”

It’s not the only purchase the Embracer Group has created currently possibly, also announcing that they’ve snapped up cell publisher Easybrain along with Gearbox’s fellow Texan studio Aspyr Media who produced their name porting a litany of titles to the Mac but are also responsible for publishing online games like Farenheit: Indigo Prophecy Remastered to Home windows PCs and Levels of Dread, Observer and the latest re-release of Star Wars Jedi Knight II: Jedi Outcast to consoles.

Aspyr will report under Embracer Group’s Saber Interactive umbrella, which only as not long ago as August added Metro developer 4A Online games to their fold. All three acquisitions sign up for an at any time expanding listing of acqusitions for the company, which has included Flying Wild Hog, Zen Studios, the aforementioned Saber Interactive and additional just in the previous twelve months by itself even ahead of we keep in mind the THQ Nordic, Deep Silver and Koch Media labels also in their care. 

Gearbox in the meantime are currently doing the job with Lionsgate on a Borderlands motion picture, which just not too long ago introduced the casting of comic & Jumanji star Kevin Hart as Roland. 

UPDATE 16:30: 2K has responded to this news, offering their have assertion to say this information does not adjust their partnership with Gearbox and they will continue being publisher of the Borderlands series for the forseeable upcoming. Examine the full matter right here.