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Embracer Group Announces Merger With Gearbox And Acquisition Of Aspyr Media
03.02.2021 [11:07],
Dmitry Rud

The Swedish holding company Embracer Group, which owns THQ Nordic, announced on its official website a merger with two studios and the acquisition of another.

Embracer Group’s largest deal concerns The Gearbox Entertainment Company – $ 1.3 billion. Of this amount, the holding will pay $ 360 million immediately, and the remaining $ 1 billion – within six years, provided that Gearbox fulfills its tasks.

The Borderlands game development studio will become Embracer’s seventh standalone business unit and will retain its current leadership, including co-founder Randy Pitchford.

“Gearbox is one of the most creative and valuable indie studios in the world. We believe that Embracer’s resources will drive Gearbox’s significant growth over the years, ”said Lars Wingefors, CEO of Embracer Group.

The eighth independent Embracer unit to retain its leadership will be Easybrain – “Leading Mobile Game Developer” with 750 million downloads and 12 million daily users across 15 projects.

Finally, Aspyr Media will join Embracer as a stand-alone entity led by Saber Interactive, with recent rumors linking the Texas-based publisher to the return of Star Wars: Knights of the Old Republic.

Recall that at the end of 2021, the Embracer Group acquired 13 organizations, including Flying Wild Hog (Shadow Warrior series) and Snapshot Games (Phoenix Point), and also made similar proposals to more than a hundred developers.

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