The game developer is best known for Borderlands, a video game series that has sold 77 million copies and generated more than $1 billion in revenue.
‘This isn’t an exit’: Inside Gearbox’s $1.3 billion sale to Embracer Group with studio head Randy Pitchford
Embracer has spent the past few years snatching up game studios all across the world but this year began a period of reorganization following a failed $2 billion deal with Saudi Arabia’s gaming group. This month, the company closed down Illinois-based game studio Volition and laid off staff all across its other divisions.“Nothing has been decided yet, but there will be a lot of speculation in the coming weeks,” Hewitt wrote.
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