Embracer may sell off Gearbox as it tries to reduce its debt. The embattled company bought the Borderlands creator in 2021 in a deal that was worth up to $1.4 billion.
in a deal that was worth up to $1.4 billion. Embracer is reportedly exploring a sale with the help of Goldman Sachs and Aream, while marketing materials are being made available to potential suitors.
that it was making sweeping changes in order to reduce its debt by around $605 million to less than approximately $903 million by the end of its financial year. The Swedish company said at the time that a proposed investment worth over $2 billion over six years ultimately fell apart. It was
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