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Gearbox Entertainment joins Embracer Group in $1.3b deal – GamesIndustry.biz
Swedish publishing group makes its biggest acquisition to date
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Companies in this article
Embracer
Gearbox Publishing
Gearbox Software
Embracer Group has made its most significant acquisition to date, with a $1.3 billion deal for Borderlands developer Gearbox Entertainment.
That figure was given as the maximum value of the transaction, which will see the Texas-based company become a wholly owned subsidiary of Embracer Group.
However, the deal is heavily balanced towards performance targets. On day one, the purchase price of Gearbox will be…
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