Gearbox Entertainment in Late Stages of Being Sold, Announcement Coming in March – Rumor
Saber Interactive is reportedly splitting from the Embracer Group and going private in a $500 million deal, but Gearbox Entertainment allegedly isn’t too far behind. After Bloomberg’s Jason Schreier hinted at the same, Kotaku reported that the developer is also set to be sold, with the deal in the “late stages” of finalization.
Two sources told the website that CEO and co-founder Randy Pitchford held a town hall meeting with staff this week, announcing a decision was reached regarding the studio’s future. There will reportedly be more details next month. While Embracer didn’t respond to comments about the sale, Pitchford told Kotaku, “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.”
Rumors about the Embracer Group selling Gearbox Entertainment began in September 2023. There was reported interest from “international gaming groups”, but internally, the developer told employees that it could be transferred, go independent and so on. It noted the “best case” to be staying with Embracer, but it ultimately seems that won’t happen. Stay tuned for further announcements later this month.
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