Report: Embracer Group Might Sell Borderlands Studio Gearbox Entertainment

📆 9/12/2023 7:09 PM
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More fallout from Embracer Group's loss of a $2 billion deal, as the company is rumored to put Gearbox on the market.

franchise, and seems to be part of a wave of financial losses and company restructuring currently faced by Embracer.

The Reuters report claims that Embracer is “working with Goldman Sachs and Aream & Co to explore a sale” in an effort to “reduce its net debt to less than SEK 10 billion by the end of its financial year from SEK 16.7 billion at the end of June.” In recent years Embracer Group has found itself on a buying spree of big names in the videogame industry. Thisseries, respectively. Just a few months later in August of 2022, Embracer also entered a deal to

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Borderlands dev Gearbox might be sold or go independent soonBorderlands and Remnant publisher Gearbox Entertainment may no longer be a subsidiary of Embracer Group soon, according to new reports.
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