Report: Gearbox Entertainment Might Be Sold by Embracer GroupPS4 11 September, 202312 September, 2023According to a new report by Reuters, Embracer Group is considering selling Borderlands company Gearbox Entertainment. Gearbox Entertainment — which encompasses developer Gearbox Software and publishing arm Gearbox Publishing — was acquired by Embracer in April 2021.Embracer “exploring options” for Borderlands maker GearboxAccording to Reuters’ sources, Embracer Group — which has been undergoing financial troubles after a major deal fell apart — is considering its options for Gearbox. One option on the table is selling the company entirely. Apparently, potential buyers have already been sent marketing materials for Gearbox.Reuters wasn’t able to reveal a list of buyers, but its sources say that they’re mainly “international gaming groups.” We won’t be surprised if Tencent is among them.The report claims that a deal may not end up happening, but Embracer has enlisted the help of Goldman Sachs and Aream & Co. to find a buyer. Neither Embracer, Goldman Sachs, nor Aream & Co. have responded to requests for comment.The writing has been on the wall for some time. Embracer went on an unprecedented shopping spree within the games industry and acquired a large number of companies and IPs. The group hit financial turmoil this year and has been undergoing restructuring for a number of months.The post Report: Gearbox Entertainment Might Be Sold by Embracer Group appeared first on PlayStation LifeStyle.