Not all investments work out for the better. European gaming giants, Embracer acquired Borderlands devs GearBox Entertainment for close to $1.5 billion in 2021. But the investments didn’t pay off and the company is now looking for buyers for the Borderlands maker. The decision comes after the European conglomerate lost a ton of money in a deal that went south earlier this year.

Reportedly, the Embracer group is looking to stabilize the company from the sale and shore up its finances. The company has acquired multiple studios in the past few years and is now looking to make some profit from its investments. With the latest decision in a series of lay-offs, the community is eager to learn what will happen to the Borderlands franchise in the coming days.

European conglomerate looking for buyers for GearBox

Embracer has experienced a wild ride in the last few years. The company not only acquired GearBox Entertainment in 2021 but also received rights to the comics group Dark Horse and franchising rights to literary epics such as The Lord of the Rings and The Hobbit. Not only that, Embracer also took over Crystal Dynamics, the studio responsible for Tomb Raider games. Embracer has been restructuring since June and has already made the decision to let go of Voltion, the studio responsible for Saints Row titles.

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The news has been reported by Reuters. The restructuring decisions come after a deal with a Saudi company didn’t go as planned in June and Embracer has been limping on ever since. Now, it looks like the conglomerate is trying to get back on its feet through a series of divestments. Embracer has been weighing in the options and is now entertaining offers for GearBox Entertainment. Embracer is primarily looking for “international gaming groups” to sell GearBox to.

Future of Borderlands

Since the company acquired GearBox Entertainment, they have so far released two spin-offs of the famous FPS game. With that, a live-action Borderlands movie is also expected to be released in July 2024. Now, the fans are concerned about what the divestment may entail for the franchise. While the series’ rights may be sold, it’s highly unlikely that a franchise like Borderlands will cease to exist anytime soon.

Rumors Reveal Borderlands 4 Is Launching Holiday 2023 With a Brand New Character

A couple of months back, Embracer published Remnant 2. The action shooter-RPG has been a grand success and even became the best release of the month. Now that GeraBox is being decided to be sold off, the fans of the series will want to know more about the fate of the series in the coming days.

What do you think will happen to Borderlands? Share your thoughts with us in the comments below.

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