Take-Two Acquires ‘Borderlands’ Developer Gearbox For $460 Million
Offloading Gearbox is the latest move by Swedish media giant Embracer Group, which is restructuring after a $2 billion investment deal fell through last summer.
#Embracer Group
Embracer Layoffs Continue As Eidos Montreal Lets Go 97 Employees, Cancels ‘Deus Ex’ Sequel
Gaming giant Embracer continues a restructuring made necessary by the collapse of a $2b investment deal in mid-2023.
Hungary’s Digic and Zen Studios Suffer Layoffs As Parent Company Embracer Group Continues To Make Cuts
According to Embracer, the company laid off 900 workers worldwide in Q2 of this year, around 5% of its global workforce.
‘Saints Row’ Developer Volition Has Been Shut Down By Parent Company Embracer Group
Between its Champaign, Illinois headquarters and its remote staff, Volition employed more than 240 people.
‘Lord Of The Rings’ Rightsholder Embracer Announces Restructure, Layoffs, Studio Closures
The company owns 138 internal game development studios and employs 16,600 workers in more than 40 countries.
Swedish Gaming Juggernaut Embracer Group Snaps Up ‘Lord Of The Rings,’ ‘The Hobbit’ Rights
With the purchase, the holding group now owns films, video games, board games, merchandising, theme parks, and stage production rights.