Borderlands Studio Gearbox Will Announce New IP And More Now That It's Owned By Embracer

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One of the biggest game development studios in Texas, Borderlands developer Gearbox Entertainment, is now an official subsidiary of the Embracer Group. The previously announced sale, which is valued at up to $1.3 billion, has officially closed, the two companies said in a news release on Tuesday.

Gearbox is just the latest high-profile studio that Embracer has acquired in recent years, joining the likes of Valheim publisher Coffee Stain and Saints Row studio Deep Silver, among others. Embracer also owns THQ Nordic. In total, Embracer now reports to have 63 internal game development studios with more than 7,000 employees globally across 40 countries.

In the news release, Embracer said Gearbox is now better prepared for “rapid growth” across its game development divisions and its publishing arm.

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Source: Game Spot Mashup