Less than two weeks after the surprise closure of Saints Row studio Volition, a Reuters report says Embracer Group is now looking to rid itself of Borderlands studio Gearbox Entertainment—not through a shutdown this time, but a sale.
Three anonymous sources told Reuters that unnamed third parties have expressed interest in Gearbox. Nothing is carved in stone at this point, but the report says Embracer is now working with investment banks Goldman Sachs and Aream & Co. to “explore” the possibility of a sale.
Embracer acquired Gearbox Entertainment in 2021 in a deal that was worth up to $1.3 billion. It was a highlight of a rapid-fire spending spree that saw Embracer scoop up Crystal Dynamics, Eidos Montreal, Square Enix Montreal, Tripwire Interactive, Saber Interacti…