The Embracer Group and Gearbox Entertainment merger is complete, both companies have announced. The February-revealed merger deal worth up to $1.3 billion.
Now that the Embracer Group and Gearbox Entertainment merger is complete, Gearbox Entertainment is now the seventh operating group in the Karlstad, Sweden-headquartered Embracer Group, who now sport a massive catalogue of over 240 franchises and over 7,000 employees around the world. The merger also helps fuel Gearbox for rapid growth with its IP catalogue, AAA development studios, and North American publishing capabilities.
“Our team is incredibly excited about the opportunity we now have,” said Randy Pitchford, founder of The Gearbox Entertainment Company. “Far from riding off into the sunset, we are now positioned to launch new IP, do more with our existing brands, grow our base of incredibly talented team members, and capitalize on new opportunities in our mission to entertain the world. This just the start.”
With their 550 team members in Frisco, Texas and Quebec City, Gearbox Entertainment is mostly known for its ongoing Borderlands and Brothers in Arms franchises and for the development of award-winning, best-selling content for the Half-Life, Counter-Strike, Tony Hawk’s Pro Skater, 007 James Bond, and Halo franchises.
“This was the largest merger that Embracer has undertaken. I am grateful to Randy and his entire team for their enthusiasm, creativity and vision, says Lars Wingefors, founder and CEO of Embracer Group. “We are confident in Gearbox’s long-term future within Embracer Group.”
Alongside the merger between Embracer Group and The Gearbox Entertainment Company, the other big acquisition by Embracer Group for Aspyr Media and their merger with Easybrain were also finished up in this move.
What do you think about Embracer Group and their main publisher THQ Nordic gobbling up practically every AA franchise, developer, and intellectual property in sight? Can they manage all of these franchises and developers? Sound off in the comments below!