Support NeoGAF

[Esppiral]

Noooio being acquired by tale two means no voice localizations in those games

 

[ChuckeRearmed]

Quite cheap. But makes sense due to T2 Private Division.

 

[WitchHunter]

They paid 1,3 billion and now sold it for 460 mils? Geniuses everywhere.

 

[Barlow]

 

[winjer]

Once again we have proof that Embracer is run by morons.

 

[The Fuzz damn you!]

Embracer bought Gearbox for $1.3 billion and sold it off for almost around 1/3rd of that price.

Shades of Yahoo and Google back in the day.

$188 million in cash.
$175 million in Embracer shares.
The rest over 5 years, in a mixture of cash and shares, depending on whether they hit sales goals. Potentially another $655 million in cash, but I think it’s safe to say that if Gearbox had hit the sales numbers needed to earn that bonus, they wouldn’t have been sold off for such a relatively small amount.

 

[DavJay]

Why is it only 460 million when a AAA title cost 300+ to make? Seems like a good deal

 

[Jinzo Prime]

$188 million in cash.
$175 million in Embracer shares.
The rest over 5 years, in a mixture of cash and shares, depending on whether they hit sales goals. Potentially another $655 million in cash, but I think it’s safe to say that if Gearbox had hit the sales numbers needed to earn that bonus, they wouldn’t have been sold off for such a relatively small amount.

I guess the devil is in the details. This is not as bad a deal as it initially seemed. In fact, this is good for Embracer because they desperately need cash.

 

[whyman]

Good for gaming, Embracer is gutted at this point and has no value left imo. So happy I got out of that stock before the crash.

 

[TVexperto]

if take two is paying in stocks...that means t2 is diluting their stock value

 

[Holammer]

If this means we get a fun & raunchy Duke Nukem a few years from now? Then I, for one, welcome our new Take-Two overlords.
Same for Borderlands.

 

[StereoVsn]

I guess the devil is in the details. This is not as bad a deal as it initially seemed. In fact, this is good for Embracer because they desperately need cash.

I mean Gearbox got $175mil in Embracer shares, lol. $460mil in Take 2 stock ain’t that bad of a deal at this time in 2024.

 

[Shut0wen]

They paid 1,3 billion and now sold it for 460 mils? Geniuses everywhere.

dont they get bonuses off share prices as well? Cant see them ever reaching it if bl3 was a failure

 

[DryvBy]

Half-Life 2 Opposing Forces 2 incoming!

 

[lordrand11]

Welcome Home!!

 

[M0G]

Peacock boy's still there. So still not giving them any of my money.

 

[peronmls]

More Borderlands incoming!

Yep. People buying out others and simply manufacturing games… It’s a dead game series.

 

[cash_longfellow]

Abdolutely not. Borderlands games are trash.

Ban this man at once!!

 

[SportsFan581]

Embracer bought Gearbox for $1.3 billion and sold it off for almost around 1/3rd of that price.

Shades of Yahoo and Google back in the day.

Talk about a crazy bad deal.

You've got to wonder what the point of the Embracer expansion was since they didn't seem all that focused on getting games out or utilizing the IP they purchased. Must have figured residuals from the existing games would be that good.

 

[StreetsofBeige]

That $1.3 billion acquisition costs was insane to begin with. The only IP that has sustained success is Borderlands. The rest are dead IPs or dont do great.

They should be lucky to have even got $460M for the studios they shed.

 

[mitch1971]

Zelnick is now on his running machine thinking up ways to implement shark cards into borderlands.

 

[intbal]

Does this mean the Volition folks go along with them to Take-Two?
Some good and very experienced developers in that group (and some awful designers who came up with Saints Row reboot).

 

[Mossybrew]

Ready for Borderlands 4. The Tiny Tina game ended up being fairly underwhelming, more of a snack than a proper meal.

 

[violence]

Sony spent more making Latin X Spider-Man right?

 

[geary]

460 mil is a month GTA V sales….Pocket money

 

[Thanati]

As long as they don’t delay Homeworld, it’s cool.

 

[Shubh_C63]

Oh thank god.

Nothing can be worse than Borderlands 3. And people thought Claptrap was annoying.

 

[Hemingwayoffbase]

Isn’t there a Borderlands movie coming out? I’d imagine if the movie was any good they probably wouldn’t want to sell it.

This might mean the movie is shit.

 

[MiguelItUp]

I wish they'd make something else that ISN'T Borderlands. It's wild that they haven't attempted to make a satire soaked Duke Nukem game.

 

[SantaC]

Why is it only 460 million when a AAA title cost 300+ to make? Seems like a good deal

What is the last good game by this studio? I mean they are not very productive

 

[violence]

I wish they'd make something else that ISN'T Borderlands. It's wild that they haven't attempted to make a satire soaked Duke Nukem game.

Sell Duke Nukem to nightdive

 

[Mr.Phoenix]

Hold on... so they went into a store, that has Eidos Interactive on the shelf too, that had Tomb Raidder, Dues Ex, Legacy of Kain, and Hitman....

and they walked out with gearbox and borderlands?

What am I missing here?

 

[Kadve]

Honestly Surprised they bought them to begin with. The Borderlands IP was not part of the deal (Still with 2K/Take Two) and i don't really think Gearbox has anything of worth besides that

 

[violence]

Hold on... so they went into a store, that has Eidos Interactive on the shelf too, that had Tomb Raidder, Dues Ex, Legacy of Kain, and Hitman....

and they walked out with gearbox and borderlands?

What am I missing here?

The free USB drive

 

[Kadve]

Hold on... so they went into a store, that has Eidos Interactive on the shelf too, that had Tomb Raidder, Dues Ex, Legacy of Kain, and Hitman....

and they walked out with gearbox and borderlands?

What am I missing here?

Eidos/CD has several potentially lucrative deals tied up with Amazon and Microsoft. They are probably not for sell.

Also Gearbox was a Merger, not an acquisition. Don't think any downsizing can be done without Randy's approval anyway.

 

[Jesb]

The only thing I ever cared about from them was brother in arms and that’s been killed off for a long time.

 

[TGO]

Aliens: Colonial Marines must have impressed them.

 

[FinalBossWithTheMostPower]

Good for Gearbox?

Wish some company would rescue THQ Nordic instead, though.

 

[WitchHunter]

As long as Homeworld is safe...

Well, does Take Two wanna continue that tiny franchise? I doubt that . Since the new game is almost complete, let's hope it will be published.

• The divested assets include:
  • Gearbox Software (Frisco, Texas)
  • Gearbox Montréal
  • Gearbox Studio Quebec
  • Borderlands and Tiny Tina’s Wonderlands franchises, as well as Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem

Btw give Duke Nukem to People Can Fly. They are quite competent in the loudmouth/coolguy, I make you eat your own teeth kinda gameplay that Duke nukem represents.

 

[Xellos]

Would be nice to get a new Duke Nukem at some point, but I don't expect it. At least Gearbox got out of Embracer.

 

[Reaseru]

Good news...for Gearbox. Left a sinking ship before it sank.

And knowing Gearbox's latest commercial failures, if they continued at Embracer...they would be next on the list to close.

 

[akaFullmetal]

Lost so much money buying this and then selling it to another company. 1.3 they bought it and only got 460 back , woof

 

[semiconscious]

gearbox really needs to move on from borderlands. if that's even possible for them. the franchise's become seriously stale...

 

[kiphalfton]

Abdolutely not. Borderlands games are trash.

And now there is a movie with Jack Black, Kevin Hart... and Kate Blanchett.

10/10 casting.

 

[kiphalfton]

Insomniac was bought by Sony for $220 million...

That used to be cheap.

However, after the recent leaks and SM2 Sony probably overpaid.

 

[VargasPaPuM]

New Duke Nuken, please

 

[SHA]

It's time to kick ass and chew bubblegum and I'm all out of gum.

 

[SHA]

Jeez, I miss Duke.

 

[DonJimbo]

I hope Take 2 fires Randy Pitchfork and kicks him in the ass

 

[SplunkyMunkey]

And here's me thinking sony could of purchased gearbox and other studios from embracer and yet wasted 3.2B on a wasted studio bungie