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Gearbox Entertainment & Embracer Complete Their $1.3 Billion Merger

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Gearbox Entertainment & Embracer Complete Their $1.3 Billion Merger

Today Gearbox Entertainment and Embracer Group announced that their merger announced in February 2021 has now been completed.

Today Gearbox Entertainment and Embracer Group announced that their merger announced in February 2021 has now been completed.

Due to this operation, Gearbox Entertainment becomes the seventh operating group within the Embracer lineup, strengthening the group’s publishing capabilities in North America.

The press release includes a comment from Randy Pitchford, founder of the Gearbox Entertainment Company:

“Our team is incredibly excited about the opportunity we now have. Far from riding off into the sunset, we are now positioned to launch new IP, do more with our existing brands, grow our base of incredibly talented team members, and capitalize on new opportunities in our mission to entertain the world. This just the start.”

We also hear from Lars Wingefors, founder and CEO of Embracer Group.

“This was the largest merger that Embracer has undertaken. I am grateful to Randy and his entire team for their enthusiasm, creativity and vision. We are confident in Gearbox’s long-term future within Embracer Group.”

It’s worth mentioning that the merger won’t change the relationship with Take-Two on the Borderlands franchise. T2 will continue to publish Borderlands games going forward.

As a matter of fact, they recently teased unannounced games by Gearbox, and we’ll have to wait and see what they will announce going forward.

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