But it’ll keep the Remnant series, thank you very much.
Swedish games behemoth Embracer Group bought Gearbox for $1.3 billion back in 2021. Just over three years later, Embracer Group is divesting Gearbox Entertainment to 2K Games and Rockstar parent company Take-Two Entertainment for $460 million. The acquisition is expected to finalize by the end of June.
Embracer will retain one piece of the Gearbox pie however, in the form of Gearbox Publishing San Francisco, which holds publishing rights to the Remnant series and Hyper Light Breaker, in addition to „other notable unannounced game releases“. The remaining arm of the business will be renamed.
Embracer Group has been ruthlessly downsizing to stay afloat, after years of seemingly monthly studio and publisher acquisitions. It sold off Saber Interactive last month to the tune of $247 million, and laid off around 1,400 people in 2023. Last year it shut Saints Row studio Volition and Square Enix Montreal, to name just a small handful of its big contractions.
