Our latest coverage of Gearbox Entertainment.
After Gearbox Entertainment CEO Randy Pitchford all but denied rumors that Embracer Group was selling them off earlier this month, a press release now confirms that the Swedish video game holding company did just that. Most of Gearbox and its exclusive IPs have now been acquired by Take-Two Interactive in a $460 million stock deal. Gearbox Entertainment is now part [...]
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In line with Embracer Group’s acquisition of Perfect World Entertainment in North America, video game and media holding company is renaming PWE’s North American arm as Gearbox Publishing. Embracer officially acquired the publisher earlier this year along with its subsidiaries, including Cryptic Studios and Runic Games, and placed them under Gearbox’ umbrella where they continue to operate independently. “Early in [...]
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While Embracer Group are in the process of acquiring Perfect World Entertainment and its subsidiaries, the former has shed light on some interesting statistics about the latter’s portfolio of games. Of significant note are metrics from Cryptic Studios’ operational free-to-play and buy-to-play MMOs. Embracer’s acquisition report reveals Neverwinter to be Cryptic Studios’ biggest game with over 20 million players to [...]
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Perfect World Entertainment and its subsidiaries, including Cryptic Studios, will soon be acquired by Swedish video game holding company Embracer Group AB, formerly Nordic Games, and Gearbox Entertainment. Once the $125 million deal goes through in February 2022, PWE will become a subsidiary of Gearbox and will continue to publish and develop games as they’ve done in the past with [...]
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