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Embracer sells Borderlands maker Gearbox to Take-Two Interactive for $460 million
(www.gamedeveloper.com)
this post was submitted on 28 Mar 2024
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Let's be honest, was anyone expecting any different outcome from Embracer's hasty growth with cheap money? There was no way this would have worked out.
My expectation was that they were spending money that they mostly already had, but I was very excited to see a company picking up the pieces that the biggest publishers left behind. No one was going to make a new Outcast game before this, for instance. Game publishers used to put out dozens of games of all types per year, and now they might put out 5. They hinged it all on debt that they couldn't afford though, so they're ruining the chances of us returning to sustainable normalcy instead of what AAA has been doing for a decade.