Gaming

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Sweden’s Embracer weighs options for Borderlands maker Gearbox Entertainment (www.reuters.com)

submitted 1 year ago by UrLogicFails to c/gaming

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Archive link: http://archive.today/cxPph

Embracer is considering options for its U.S. game developer Gearbox Entertainment including a sale as Europe’s largest gaming company looks to shore up its finances, three people familiar with the matter told Reuters.

Embracer is weighing selling the unit, which is known for first-person shooter game Borderlands, after receiving interest from third parties, two of the people said.

Embracer, majority owned by founder Wingefors, purchased Gearbox in February 2021 in a deal that valued the business at up to $1.4 billion at the time.

Gearbox marketing materials are already available for potential buyers, which consist mainly of international gaming groups, said two of the people.

The sources, who requested anonymity as the matter is confidential, cautioned a deal may not happen.

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[–] ampersandrew@kbin.social 6 points 1 year ago* (last edited 1 year ago)

after receiving interest from third parties

Someone came along and said they'd like to buy them. Perhaps at an attractive offer given the deal that fell through or perhaps at an even higher price than Embracer paid for it. Anyone would consider a sale at a decent price if someone approached them with the offer.