Gearbox has been acquired by the Swedish company Embracer Group for 1.3 billion dollars.

In a statement released by 2K Games, they said that this acquisition does not change their relationship with Gearbox Studios.

They went on to say that Gearbox will continue to work with 2K Games in order to make more Borderlands games.

As the proud publisher of the Borderlands franchise, we are happy for our partners at Gearbox. We look forward to continuing our long-term partnership with this incredibly talented team and delivering many more exciting entertainment experiences to gaming fans around the world. pic.twitter.com/01GYddkAMB

— 2K (@2K) February 3, 2021

Gearbox said that it would use this partnership to expand and to create new studios.

“This merger enables Gearbox to do more with its existing brands, create new brands, and, potentially, undertake the merger and acquisition of other successful industry and industry-adjacent entities and properties.”

With the acquisition of Gearbox, Embracer Group now owns a total of seven studios. Others being THQ Nordic, Koch Media/Deep Silver, Coffee Stain, Amplifier Game Invest, Saber Interactive, and DECA Games.