Write what you are looking for and press enter to begin your search!
Live News
The People Who Own Gearbox Software Plans To Continue US$8 Billion Buying Spree
Embracer Group, the folks who own Gearbox Software (Borderlands 3, Tiny Tina’s Wonderlands), is not done with its spending spree.
The group intends to continue with its US$8 billion acquisition spree. Since 2020, the company has made 62 acquisitions that are worth US$8.1 billion total.
CEO Lars Wingefors told the Financial Times that he plans to make a similar number of acquisitions in the next few months and years. He plans to invest in the free-to-play games space in UK, US, Poland, France, and China. His company’s philosophy so far is to target companies and entrepreneurs with a good track record, then take the hands-off approach with them.
“From a commercial standpoint, we don’t have central, commercial decision-making. Looking at other companies, they’ve struggled when they put too many layers of directors and management and start controlling creators, that’s when they start falling apart.
If you can make one game, you have a big business risk but if you make 200 games, like we do, the business risk is less.”
Embracre Group currently has a market valuation of US$9.9 billion and 115 internal game development studios & publishers. These include THQ Nordic, Koch Media/Deep Silver, Saber Interactive, and Gearbox Software. The company bought the latter for US$1.4 billion.
By Mr Toffee|February 12, 2018
It's only a matter of time until Nintendo's flagship cockfighting monster-filled RPG franchise juggernaut Pokémon will be out for the Switch. What ...
By Mr Toffee|July 22, 2022
Sad news for comic book fans across the globe; writer Alan Grant has passed away. He was 73. Alan Grant was renowned for his work on Tarzan and 200...
By Alleef Ashaari|August 25, 2022
During Future Games Show 2022 at Gamescom 2022, Label This and Crunching Koalas announced The Gap, a sci-fi first-person narrative exploration thrill...
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
By Alleef Ashaari|August 2, 2021
By Alleef Ashaari|February 9, 2022
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
Copyright @ Kakuchopurei 2024