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Ryuu96 said:
What the fuck? Gearbox has to be like one of Embracer's most profitable studios? Do they have a single IP which sells as well as Borderlands does? Lol. If Gearbox isn't safe from a sale then I would imagine that no studio is. Starting to feel like a complete collapse of Embracer Group. |
I think it's mostly that they need money quick to cope with the fallout of the 2 billion dollar Saudi Arabia deal falling through, restructuring and closing of studios like Volition and Campfire Cabal can only improve their financial situation in the long term, they still need cash in the short term. Embracer bought Gearbox for $1.3b, so they are likely hoping that they can get nearly that much back out of them in a sale I guess. Which is a big ask, Xbox might have been willing to buy Gearbox from them for $1b+, but they are locked into these ABK proceedings for another month or two and won't be willing to jeopardize them for Gearbox, and I'm not sure if anyone else would be willing to buy Gearbox from Embracer for $1b+, if Take-Two had really wanted them they would have outbid Embracer in the first place. I think they are going to end up selling Gearbox at a pretty substantial loss over the $1.3b they paid for them, any interested parties are going to smell blood in the water and know that Embracer is desperate for a sale, giving them significant negotiating power over Embracer, guessing like tops will be $800m, may be less than that.
Also it's worth noting that Gearbox's only truly big IP these days is Borderlands, and since 2K publishes that instead of Embracer, they would be the ones getting most of the money from it, not Embracer. I'm not really sure why Embracer bought them to start with knowing that their only big IP would stay locked to 2K, it always seemed like a bad investment to me. Sure they have other active IP like Homeworld, and dormant IP like Brothers in Arms and Duke Nukem, but Homeworld is relatively niche and those dormant IP have little hope of a successful revival. $1.3b for Gearbox always seemed like a bad deal for Embracer to me.
Last edited by shikamaru317 - on 11 September 2023
