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Embracer Group Looks to Sell Video Game Studio Gearbox
The game developer is best known for Borderlands, which has generated more than $1 billion in revenue
People play 'Borderlands 3' in Los Angeles, California.
Photographer: Frederic J. Brown/AFP/Getty ImagesThis article is for subscribers only.
Swedish video-game conglomerate Embracer Group AB is looking to sell Gearbox Entertainment just two-and-a-half years after purchasing the studio for $1.3 billion. Gearbox will also explore other options including spinning it off, the company said in an email to staff Monday morning.
The Frisco, Texas-based game developer is best known for Borderlands, a video-game series that has sold 77 million copies and generated more than $1 billion in revenue. Reuters first reported the potential sale.