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Embracer Group Acquires Gearbox Entertainment. Deal Worth Up To $1.3bn. Upfront cost $363 Million
The Embracer Group, which owns brands such as Koch Media and THQ Nordic have added Borderlands developer Gearbox to their portfolio. The deal has cost $363 Million up front but could be worth around $1.3 Billion, based on target performance over the next 5 years. All 550 staff at Gearbox retain their jobs.
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Duke Nukem Forever Is Ready!
The Duke has been away for far too long. 15 years in fact have been and gone since we last saw him in action. This was a time when Nintendo still used cartridges for their home consoles and the tally of Sony PlayStation was at 1! It was even a time when SEGA were producing…
