Gearbox Entertainment, the studio behind Borderlands, has been acquired by THQ Nordic parent company Embracer Group for $1.3 billion. The Embracer Group Gearbox acquisition will make the Texas-based studio of 550 another full operating group under Embracer (on an equal level with the likes of THQ Nordic).
As Gearbox merges with Embracer Group, the formerly employee-owned studio will see an injection of capital that will allow the studio to execute its plans for further growth and future development. Randy Pitchford will remain on as head of the company, and is excited at the prospects that the acquisition holds. ?The feeling at Gearbox is that we are just getting started and this transaction is not merely a stimulant for the talent of our employee-owned company, but a propellent for the exciting future we have planned,? he said of the acquisition.
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