doesn't gearbox publish risk of rain? seems like a big loss
Comment has been collapsed.
So Embracer grew too quickly and now they're shedding studios like crazy trying to stabilize their finances, I just hope it doesn't end up in yet another THQ implosion... or that they at least sell Tomb Raider (and the rest of Crystal Dynamics) to someone else before going under.
And so Duke Nukem changes hands yet again.
Comment has been collapsed.
I'm surprised they are "divesting" Borderlands off right before the movie gets released (although judging from the trailer, I doubt it will be a hit) but then again I guess they already made money on the rights so they can now sell it to someone else?
Comment has been collapsed.
5 Comments - Last post 6 minutes ago by Melusca
8,433 Comments - Last post 59 minutes ago by FranckCastle
1,367 Comments - Last post 1 hour ago by thatotherone6
102 Comments - Last post 1 hour ago by BlazeHaze
80 Comments - Last post 2 hours ago by Fiuman
15,372 Comments - Last post 6 hours ago by Almostn33t
2,050 Comments - Last post 11 hours ago by WaxWorm
7,927 Comments - Last post 1 minute ago by Peiperissimus
223 Comments - Last post 19 minutes ago by justdaniel1
58 Comments - Last post 24 minutes ago by greatmastermario
86 Comments - Last post 38 minutes ago by NoctuaVentus
75 Comments - Last post 39 minutes ago by antidaz
7,121 Comments - Last post 50 minutes ago by ConanOLion
26 Comments - Last post 1 hour ago by Mayanaise
Brief: Embracer Group has today entered into an agreement to divest Gearbox Entertainment, for a consideration of USD 460 million (SEK 4.9 billion) to Take-Two Interactive Software, Inc. (“Take-Two”). ... Closing is expected in Q1 FY 24/25, ending June 2024. ... [T]he expected net cash proceeds amount to approximately USD 300-330 million (SEK 3.2-3.5 billion).
The divested assets include [sold to Take-Two]:
The retained assets include [not sold off]:
The retained companies will be welcomed and integrated into other parts of Embracer Group in the coming period. All companies are expected to contribute with a positive cash flow going forward.
https://embracer.com/releases/embracer-group-divests-gearbox-entertainment-for-a-consideration-of-usd-460-million-to-take-two-interactive-software-inc/
A message from Randy Pitchford:
https://twitter.com/gearboxofficial/status/1773195417653506202
Comment has been collapsed.