Based on a brand new report by Reuters, Embracer Group is contemplating promoting Borderlands firm Gearbox Leisure. Gearbox Leisure — which encompasses developer Gearbox Software program and publishing arm Gearbox Publishing — was acquired by Embracer in April 2021.
Embracer “exploring choices” for Borderlands maker Gearbox
Based on Reuters’ sources, Embracer Group — which has been present process monetary troubles after a significant deal fell aside — is contemplating its choices for Gearbox. One possibility on the desk is promoting the corporate fully. Apparently, potential consumers have already been despatched advertising supplies for Gearbox.
Reuters wasn’t capable of reveal a listing of consumers, however its sources say that they’re primarily “worldwide gaming teams.” We gained’t be stunned if Tencent is amongst them.
The report claims {that a} deal might not find yourself taking place, however Embracer has enlisted the assistance of Goldman Sachs and Aream & Co. to discover a purchaser. Neither Embracer, Goldman Sachs, nor Aream & Co. have responded to requests for remark.
The writing has been on the wall for a while. Embracer went on an unprecedented buying spree throughout the video games trade and purchased a lot of corporations and IPs. The group hit monetary turmoil this 12 months and has been present process restructuring for a lot of months.