edition Reuters Citing three informants, the company reports that the large-scale restructuring of the Swedish holding company Embracer Group, which began in June, could also affect The Gearbox Entertainment Company.
The Gearbox Entertainment Company consists from four divisions: Gearbox Software (developer), Gearbox Publishing (publisher), Gearbox Studios (transmedia division) and Gearbox Properties (IP control).
As a reminder, Embracer announced its merger with Gearbox in February 2021 and completed the process in April. The deal cost the holding company $1.36 billion and the studio became its seventh independent division.
According to Reuters sources, Embracer Group is considering various options for Gearbox’s future, including selling it. This scenario is being developed by Embracer together with Goldman Sachs and Aream & Co.
Two of the three Reuters tipsters add that some third-party companies have already shown interest in Gearbox. Still, sources warn that the deal may not happen yet.
The reason for Embracer’s large-scale restructuring was a $2 billion deal that fell through at the last moment. According to rumors, an agreement could not be reached with the e-sports company Savvy Games Group.
The restructuring, which began in June, aims to reduce costs and increase efficiency. The initiative has already led to the closure of Campfire Cabal and Volition Layoffs at Gearbox Publishing.