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I had thought they'd end up being bought by Microsoft.
I wonder what this means for Blackbird Interactive?
I wonder what this means for Blackbird Interactive?
Can only hope this leads to more Classic Randy situations that Civvie11 and Jim Sterling can flame him over for years to come. shit never gets old.
there's literally no independent studios that can make a AAA game. That's nuts. Remedy is the last one I think. Absolutely wild how fast we're moving into market consolidation
Welcome to the content wars kiddos. The golden age of mid tier devs in the 360 / ps3 gen are over
embracer becomes the titans of AA to mid AAA content. They'll eat off catalogue shopping if they don't want to worry with setting up their own subscription model
embracer becomes the titans of AA to mid AAA content. They'll eat off catalogue shopping if they don't want to worry with setting up their own subscription model
If there's one thing MS don't want it's randy pitchford attracting pitchforks
Hell, why not just buy 8chan?
True vertical integration for THQN.
True, but I believe Gearbox would somehow have become incredibly important had another name been attached to them, judging from other threads I've seen.
As for Gearbox themselves, I'm a bit surprised they cost so little. Maybe Codemasters' price threw me off, but I'd thought they'd be closer to $2 billion than 1. Eh, Borderlands is really the only Gearbox series I care about, so I suppose it makes sense.
yeah but people always make a waaaay bigger deal when it's an acquisition by a platform holder. it could be a much less important company than gearbox and the reaction would be way bigger.
Is it? I don't know how healthy the borderlands series is but I thought the 7th gen was its peak tbh. Duke has done nothing
Wonder if that was the sticking point?
1.3b is small potatoes for MS
Yeah, I love the Borderlands series, but it took took them such a ridiculous amount of time to put out 3 after 2, and I've had no interest in anything else they do.
Hell even BL3 I've barely been able to get into despite loving the series, I'd rather replay 1 or 2 for the 5th time on Switch than 3. It felt like such an incremental update over 2 even though it took so long to come out.
embracer is not paying 1.3 billion for them just yet, it's an amount that could be paid over the span of a few years if certain goals are met.
as for MS, i think they're more interested in either studios that are smaller or big publishers that come with a ton of IP and a bunch of studios. i don't think gearbox was a consideration for them. not to mention, many companies would hesitate to get involved with randy pitchford and the bad press around him.
edit:
I was thinking this my self. I didn't even see any mention of gaming being consolidated.
it's almost as if that's not really most people's genuine concern.
Oh, it absolutely is and it's absolutely bad for the industry, I was just remarking on how little interest this specific thread is getting because it's not either brag or doom fuel for the console wars.
I feel genuinely concerned by all this acquisitions. Embracer doesn't seem to be stopping anytime soon.
i've been working on an industry ownership map in my spare time... the main issue is trying to figure out how to indicate partial stakes lmao. But even just in bog-standard consolidation it's an interesting graph.
Holy Shit.
I would never have seen this coming! Would have thought Take-Two would be the ones to buy Gearbox.
And I guess this is why Embracer needed to take that loan from The bank.
I would never have seen this coming! Would have thought Take-Two would be the ones to buy Gearbox.
And I guess this is why Embracer needed to take that loan from The bank.
I'm thinking an EA Play type of service, but also become some kind of bundle deal for big streaming service like gamepass. So MS pay sum of money to Embracer and get their whole library to gamepass instead of needing to make a deal for each title
Ok, where does Embracer gets all the money to make all these acquisitions? It's not like they have a bajillion of super blockbuster franchises to justify spending that kind if money.
They do rounds of fundraising through their stocks i believe to get more money
They did take a loan not to long ago for example.
Forgot if it was dollar or swedish crowns but it was around 3 billion IF I remember it right.
Off the top of my head there is also IOI and CDPR. But they are becoming more rare for sure.
from last december
www.resetera.com
EMBRACER GROUP SECURES A NEW CREDIT FACILITY FOR M&A OF SEK 3 BILLION
That is an exchange rate of 360,629,100.00 USD by the way. https://embracer.com/release/embracer-group-secures-a-new-credit-facility-for-ma-of-sek-30-billion/
www.resetera.com
I mean, DUH, because that would mean exclusivity of (nearly) everything going forwards to whichever console manufacturer had done the purchase. Though Gearbox isn't all that amazing of a game developer from a game quality POV so I'm not sure if all that many people on an enthusiast forum like this would have felt this as much of a loss if it had gone to either Sony or MS. And as shitty a company as Embracer is with their Nazipedophile-pandering, at least the games will still be released on everything under the sky (that can realistically run the games).
Embracer Group secures a new credit facility for M&A of SEK 3,0 billion - Embracer Group
Embracer Group AB ("Embracer") has signed a new credit facility of SEK 3,0 billion on favorable terms with Nordea Bank with expiry in May 2022. With the new credit facility, total cash at hand and available credit facilities amount to more than SEK 11.5 billion SEK. The new credit facility...
embracer.com
I really feel like it's a wash. I don't really get excited when I see Embracer nor Gearbox, and no telling what will happen with both Borderlands and Duke. I can see T2 trying to get Borderlands.
Embracer seems pretty platform agnostic and a lot of what they own doesn't really look diverse.
Absolutely, I'm not saying people would be wrong to be upset, I don't want MS or Sony gobbling up publishers at all either, I just thought it was funny that this thread was relatively slow while those would have been flowing at incredible speed.
I have to wonder whether Take-Two at least tried to get in a counter offer, and this is the final outbid figure.
Without a doubt. Thread would be launching itself into the Sun.