Embracer also picks up Aspyr in latest spending spree.
Borderlands developer Gearbox has become the latest studio to be bought by Embracer, the enormous umbrella company which in turn owns THQ Nordic, Koch Media and Saber Interactive.
Gearbox owns the rights to the Borderlands franchise, so expect more of that. The studio also owns Brothers in Arms and Homeworld.
The $363m deal includes six-year performance targets for further compensation, up to $1.3bn total. Huh, I wonder if the next six years will include a Borderlands 4 and 5?
All 550 current Gearbox employees will be retained, and controversial CEO Randy Pitchford will continue to lead the studio.
The deal likely means Embracer will handle all Borderlands projects going forward. 2K, which published the franchise until now, shuttered its Australian studio that made spin-off Borderlands: The Pre-Sequel back in 2015.
In other Embracer news, the group also announced a $100m deal to buy Aspyr Media, the US developer that has made a name for itself working on porting big franchises like Borderlands and Star Wars to new platforms. We will watch its career with great interest!
Rounding out today’s Embracer news, the group announced a $640m deal to merge with mobile publisher Easybrain.