Embracer Group acquires Gearbox Software

Embracer Group which was formerly known as THQ Nordic has announced that they've acquired Borderlands creator Gearbox in a deal said to be worth a potential $1.3 billion USD.

In a press release, Embracer said that Gearbox will become a seventh operating group as a wholly-owned subsidiary of the company. CEO Randy Pitchford will continue to lead the studio and the 550 employees will all become joint "significant" shareholders in Embracer. The $1.3 USD billion-dollar value of the deal is dependent on performance with $363 million of the value paid upfront and the owners getting just over a billion should the company hit an agreed on six-year performance targets.

Pitchford said in a statement on the acquisition: "The feeling at Gearbox is that we are just getting started and this transaction is not merely a stimulant for the talent of our employee-owned company, but a propellent for the exciting future we have planned."

Square Enix Hints at "Exciting Announcement" Coming Tomorrow

Square Enix Tease "Exciting Announcement"

Square Enix, the publisher behind such games as Hitman and Tomb raider decided to drop a little tease for something being announced tomorrow. Writing on Twitter they mentioned they'd had some "Exciting Announcement" coming tomorrow (January 26th). We have no idea what the so called announcement could be so I guess just keep your eyes peeled for tomorrow.

We'll follow up tomorrow with hopefully something pretty cool or maybe not. We'll see

Welcome To The New HelloGhostly Website

Firstly welcome to the brand new HelloGhostly website. have a little look around and let me know if you like the new digs or not. So you're probably wondering why the change ? well I ran into many issues with the original host and I needed something that would run fine on its own while I constraint on other avenues like podcasting and live streaming. I didn't really have the time to continually pop back every day to update something or deal with security issues. I needed something simple and easy. I plan to run multiple podcasts and to do that I need time. So long story short I needed more time to work on shows rather than the website. However that doesn't mean I won't be posting here, in fact, I plan to post more. I'll have more time to discuss gaming news, reviews and even chat in the community forums. 

Hope you guys like the new website and what's to come in the future. Until then, I'll catch you next time

Ghostly Out.