Limit developer Gearbox The company is reportedly up for sale by parent company Embracer Group. According to Reuters, the Swedish group is considering restructuring after a $2 billion (roughly Rs. 16,586 crore) deal with Saudi Arabian government-funded Savvy Games Group fell through earlier this year. The result was that the former cut expenses, in addition to closing the studio and laying off its staff. Having been acquired only two and a half years ago, Gearbox is now the latest victim, with some alleged third-party publishers expressing interest in acquiring the developer. No names were mentioned, although they were described as an “international gaming group”.
follow the origin Reuters reportBloomberg’s Jason Schreiber noted It hasn’t been confirmed whether Gearbox will be sold or not, but Embracer is definitely looking to spin off from it. In an email sent to employees, Gearbox CCO Dan Hewitt said, “The base case is that Gearbox remains a part of hugger, However, several options are under consideration, including relocation of the gearbox, taking the gearbox independent and others. Ultimately, we will move forward on whatever path is best for both Gearbox and Embracer. Earlier this month, Embracer took off its Saints Row STUDIO WillpowerEssentially calling it quits after 30 years in the game development field – possibly with Serious And the commercial failure of its latest open-world reboot, as Embracer noted in 2023 financial report,
Embracer has swiped game studios through a series of non-stop acquisitions over the past few years and built an empire, bringing together prestigious developers like… tomb raider crystal dynamics, Relic II THQ Nordic, dead island 2 deep Silver, franchising rights To Lord of the Rings And the hobbit, even more. It clearly cost a lot of money, which was initially covered by the aforementioned Savvy Games Group through a $1 billion investment. But in May, the latter moved backThat left Embracer to deal with the debt.
Earlier this year, Embracer Group confirmed that The Lord of the Rings was getting an award mmo customization developed by Amazon Games’ Orange County Studios – same developers who worked before New World, The title is in the early stages of development and will include stories Very And content written by The Hobbit author J.R.R. Tolkien, Shortly before that, in February, the group had confirmed that five video games based on middle Earth franchise in development, one of them criticized The Lord of the Rings: Gollum game, resulting in failure Daedalic Entertainment Shutting down its development division.
Amidst all this restructuring drama, Crystal Dynamics put one out open letter Reassuring fans that the Embracer restructuring program will have no impact on the development of the upcoming Tomb Raider game. The parent company is also behind long-jesting Star Wars: Knights of the Old Republic remake, which changed studio From Aspire Media to Saber Interactive in August 2022, following the dismissal of two top employees.