Embracer |OT|

[the-pi-guy]

Embattled video game conglomerate Embracer Group is looking to sell Borderlands maker Gearbox just two-and-a-half years after purchasing it for $1.3 billion, Bloomberg News can confirm. Gearbox will also explore spinning off and going independent: https://t.co/ua7hbVNKL0

— Jason Schreier (@jasonschreier) September 11, 2023

[the-pi-guy]

Beamdog lays off 26 employees

[kitler53]

pic.twitter.com/FMYu1MeVgn

— Crystal Dynamics (@CrystalDynamics) September 20, 2023

[the-pi-guy]

Embracer CEO Lars Wingefors says company is seeking outside investment for some projects to avoid some layoffs.

But also: "ultimatey we are making decisions to either restructure or downsize some teams and there will be a few cases of closures"

— Stephen Totilo (@stephentotilo) September 21, 2023

[the-pi-guy]

https://www.resetera.com/threads/insider-gaming-insurgency-developer-new-world-interactive-shut-down-by-embracer-group.791697/


Insurgency developer New World Interactive shut down by Embracer.

[kitler53]

[Legend]

Didn't pay attention to that game but it has good steam reviews.

[the-pi-guy]

Embracer's Gothic and Elex studio Piranha Bytes is reportedly facing closure | VGC

Piranha Bytes is reportedly facing potential closure

[kitler53]

you know,.. i was just thinking it's been a long time since embracer closed a studio.

[the-pi-guy]

NEWS: Embracer Group has canceled a Deus Ex video game that was in development for ~2 years and laid off an unspecified number of staff at Eidos Montreal: https://t.co/VU7bmdMULI

— Jason Schreier (@jasonschreier) January 29, 2024

Bloomberg - Embracer Group has canceled a Deus Ex video game that was in development for ~2 years and laid off an unspecified number of staff at Eidos

[Legend]

Oh no. Never even played a Deus Ex video game but they always look pretty cool. I was excited to see what they'd do next.

[the-pi-guy]

pic.twitter.com/L3Pq3V8OlL

— Eidos-Montréal (@EidosMontreal) January 29, 2024

Almost 100 people.

[the-pi-guy]

SCOOP: Saber Interactive, developer of the Star Wars: Knights of the Old Republic remake, will leave Embracer in a $500 million deal to become a privately owned company — the biggest move yet in Embracer's ongoing cost-cutting initiative https://t.co/QzpQ2uQ9r2

— Jason Schreier (@jasonschreier) February 29, 2024

Stay tuned

— Jason Schreier (@jasonschreier) February 29, 2024

[Legend]

Just like the old Bungie days, nice.

[the-pi-guy]

Sources: Borderlands Maker Gearbox Is Close To A Sale

For months now Pitchford has told developers at Gearbox that there were three possible scenarios: stay with Embracer, sell to someone else, or finance a buyout and go back to being independently run. Kotaku understands that the decision was made to sell, and a deal is in the late stages of being finalized.