Borderlands creator and publisher Gearbox Entertainment Company announced it closed a deal to acquire independent game studio Lost Boys Interactive.
The purchase price hasn’t been revealed, but it’s been confirmed that the Lost Boys will continue to collaborate with Gearbox on future games, as well as its own IP for consoles and PC.
“Lost Boys is an incredible studio with industry-leading talent that continue to push the bar higher for what gamers expect from their favorite franchises,” said Randy Pitchford, founder of The Gearbox Entertainment Company. “I am excited for Chase, Rod, Shaun, Mark and my old friend Tim, along with all of the incredible talent at Lost Boys, to have an immediate and positive impact on the games secretly in development at Gearbox Software. I am also eager to empower this amazing team to provide their world-class development services to partners and allies throughout the larger game industry.”
The acquisition will add more than 220 team members to Gearbox Entertainment, bringing its worldwide headcount to roughly 1,300 people.
“We founded Lost Boys with a dream to work on products that would be globally recognized and loved,” said Shaun Nivens, CEO and co-founder of Lost Boys Interactive. “We’re incredibly excited to join Gearbox and continue doing what we do best – making amazing games that entertain and inspire others.”
Lost Boys was founded in 2017 as a remote-first studio with headquarters in Austin, Texas and Madison, Wisconsin. The studio is led by industry veterans CEO Shaun Nivens, Rod Runnheim, Mark Stefanowicz, Tim Gerritsen, and Chase Jones. The studio is on a rapid expansion and is expected to continue until 2024.
Since its inception, the company has worked on some of the world’s most famous titles, including Tiny Tina’s Wonderlands, PlayerUnknown’s Battlegrounds (PUBG), and Call of Duty.
As part of the agreement, Shaun Nivens, Lost Boys CEO, will report to Steve Jones, President of Gearbox Software.
In addition, Lost Boys will operate independently under the umbrella of Gearbox Entertainment within the growing Embracer family. The studio will also collaborate with Gearbox on all upcoming projects.
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