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Veteran American studio Gearbox Software has been acquired by the Swedish company Embracer Group in a sale valued at up to $1.3 billion.
As part of the buyout, Gearbox is getting the money, or “rocket fuel,” as the company said, to “fuel Gearbox’s powerful creative engine.”
With the acquisition, Embracer only grows further. The company already has a catalog of more than 200 franchises and 5,500 employees globally across six studios. Gearbox’s 550 developers across its Texas and Quebec City offices will become employees of Embracer going forward. Gearbox is Embracer’s seventh internal game developer/publisher.