Technology
Gearbox CEO Reveals Why He Sold The Borderlands Studio For $1.3 Billion – GameSpot
Randy Pitchford opens up on why he decided to sell after saying no so many times over the years.
Seemingly out of nowhere, it was announced this week that Borderlands studio Gearbox, which had been independently operated since its founding 21 years ago, had sold the company to Sweden’s Embracer Group for up to $1.3 billion. Gearbox CEO and founder Randy Pitchford has now shed some light on why he made the deal and why he believes it’s in the best interest of the company going forward.
Speaking to VentureBeat, Pitchford said selling his company never entered his mind in a serious way before…
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