History Creator / GearboxSoftware

They got their start making {{Expansion Pack}}s and [[UsefulNotes/SoftwarePorting ports]] for the ''VideoGame/HalfLife1'' series, which were generally regarded somewhere between SoOkayItsAverage and pretty good. They came into their own when they released ''VideoGame/BrothersInArms'' for the PC and Xbox, an original IP that managed to sell very well despite its lack of pedigree and very [[FacklerScaleOfFPSRealism realistic approach to the FPS genre]].

[[http://www.gearboxsoftware.com/community/articles/1029/homeworld-acquisition-and-plans/ In late April 2013, they acquired the]] ''VideoGame/{{Homeworld}}'' franchise from shuttered video game publisher Creator/{{THQ}}. In a twist of irony, in 2021 Gearbox themselves were acquired by Embracer Group, who owned the rest of THQ's [=IPs=], then Embracer also bought Perfect World Entertainment which led to Creator/CrypticStudios' three {{MMORPG}}s becoming Gearbox co-productions (though a restructuring later moved them over to Creator/DECAGames). In November 2022, Gearbox acquired the rights to the ''VideoGame/RiskOfRain'' franchise from Hopoo Games.

However, Gearbox Software's parent company, Embracer Group, ended up in $2 billion in debt after a deal fell through in 2023, leading to massive restructuring throughout the company and eventually being forced to sell Gearbox Software to another company in order to pay it off. On March 28th, 2024, Creator/TakeTwoInteractive announced its intentions to buy Gearbox from Embracer for $460 million and would become a part of its 2K division as a result of the deal. The acquisition is expected to be finalized by June 2024 with Embracer retaining rights to several Gearbox studios and titles.

However, Gearbox Software's parent company, Embracer Group, ended up in $2 billion in debt after a deal fell through in 2023, leading to massive restructuring throughout the company and eventually being forced to sell Gearbox Software to another company in order to pay it off. On March 28th, 2024, Creator/TakeTwoInteractive'announced its intentions to buy Gearbox from Embracer for $460 million and would become a part of its 2K division as a result of the deal. The acquisition is expected to be finalized by June 2024 with Embracer retaining rights to several Gearbox studios and titles.

However, Gearbox Software's parent company, Embracer Group, ended up in $2 billion in debt after a deal fell through in 2023, leading to massive restructuring throughout the company and eventually being forced to sell Gearbox Software to another company in order to pay it off. On March 28th, 2024, ''Creator/TakeTwoInteractive'' announced its intentions to buy Gearbox from Embracer for $460 million and would become a part of its 2K division as a result of the deal. The acquisition is expected to be finalized by June 2024 with Embracer retaining rights to several Gearbox studios and titles.

However, Gearbox Software's parent company, Embracer Group, ended up in $2 million in debt after a deal fell through in 2023, leading to massive restructuring throughout the company and eventually being forced to sell Gearbox Software to another company in order to pay it off. On March 28th, 2024, ''Creator/TakeTwoInteractive'' announced its intentions to buy Gearbox from Embracer for $460 million and would become a part of its 2K division as a result of the deal. The acquisition is expected to be finalized by June 2024 with Embracer retaining rights to several Gearbox studios and titles.

However, Gearbox Software's parent company, Embracer Group, ended up in $2 million in debt after a deal fell through in 2023, leading to reorgnizing throughout the company and eventually being forced to sell Gearbox Software to another company in order to pay it off. On March 28th, 2024, Gearbox Software was acquired from Embracer Group by ''Creator/TakeTwoInteractive'' for $460 million and would become a part of its 2K Games division as a result of the deal. The acquisition is expected to be finalized by June 2024.

However, Gearbox Software's parent company, Embracer Group, ended up in $2 million in debt after a deal fell through in 2023, leading to recognizing throughout the company and eventually being forced to sell Gearbox Software to another company in order to pay it off. On March 28th, 2024, Gearbox Software was acquired from Embracer Group by ''Creator/TakeTwoInteractive'' for $460 million and would become a part of its 2K Games division as a result of the deal. The acquisition is expected to be finalized by June 2024.

[[http://www.gearboxsoftware.com/community/articles/1029/homeworld-acquisition-and-plans/ In late April 2013, they acquired the]] ''VideoGame/{{Homeworld}}'' franchise from shuttered video game publisher Creator/{{THQ}}. In a twist of irony, in 2021 Gearbox themselves were acquired by Embracer Group, who owned the rest of THQ's [=IPs=], then Embracer also bought Perfect World Entertainment which led to Creator/CrypticStudios' three {{MMORPG}}s becoming Gearbox co-productions (though a restructuring later moved them over to Creator/DECAGames)`. In November 2022, Gearbox acquired the rights to the ''VideoGame/RiskOfRain'' franchise from Hopoo Games.

[[http://www.gearboxsoftware.com/community/articles/1029/homeworld-acquisition-and-plans/ In late April 2013, they acquired the]] ''VideoGame/{{Homeworld}}'' franchise from shuttered video game publisher Creator/{{THQ}}. In a twist of irony, in 2021 Gearbox themselves were acquired by Embracer Group, who owned the rest of THQ's [=IPs=], then Embracer also bought Perfect World Entertainment which led to Creator/CrypticStudios' three {{MMORPG}}s becoming Gearbox co-productions. In November 2022, Gearbox acquired the rights to the ''VideoGame/RiskOfRain'' franchise from Hopoo Games.