Borderlands maker Gearbox Entertainment is on the verge of joining Saber Interactive in being bought out of the sinking ship that is the Embracer Group, a new Kotaku report claims. It's stated that CEO Randy Pitchford shared the news with employees during a town hall meeting earlier this week, with more information coming in March. The site «understands that the decision was made to sell, and a deal is in the late stages of being finalized».

Kotaku reached out to the company for comment on the story, to which Pitchford actually responded: «I’m delighted that what we might be up to is interesting enough to people that you want to make a story about us for your readers. I’m honored and humbled that our company is a topic of rumor, speculation, and discussion. As always, we will be thrilled to share whenever we have projects to announce or news to share as we work hard towards our mission to entertain the world.»

Just yesterday, it was confirmed Saber Interactive will be sold to private investors for $500 million. The firm is made up of over 20 development teams, who will find a new home elsewhere as the Embracer Group continues to crumble as a result of layoffs and studio closures. Should Gearbox leave the company too, it'll mark a significant loss in IP and development talent.

Liam grew up with a PlayStation controller in his hands and a love for Metal Gear Solid. Nowadays, he can be found playing the latest and greatest PS5 games as well as supporting Derby County. That last detail is his downfall.

Interesting. I think the title is a bit misleading, as I understood it as Gearbox being bought by the same party as Saber.
I checked the terms of the initial purchase -$360m initially and about $1bn deferred over 6 years. Wonder how much loss Embracer will post on both of these transactions?

Come on IP and development talent! Get out of thy shackles of thy treacherous Embracer Group! Be free, be free!

The industry dissolution begins

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