Perfect World Entertainment, which publishes Torchlight, the MMO Neverwinter and the upcoming Hyper Light Breaker, recently announced its acquisition by the Embracer Group.
The publisher will adopt the Gearbox brand, though it says no changes have been made to the staff, stating, “All of our games will continue to be published by the same group of enthusiastic gamers. While the company name is changing, our titles, development plans, and the passion for our work will remain.”
The company also stated that this will not affect its ongoing live service games, assuring players that it will continue to support games like Neverwinter, Star Trek Online, and Have a Nice Death.
Embracer Group was formerly known as THQ Nordic AB and changed its name in 2019 to distinguish itself from its subsidiary, THQ Nordic GmbH, publisher of Darksiders. The conglomerate also owns Saber Interactive, the developer of Valheim Iron Gate and the creator of Goat Simulator, Coffee Stain Studios.
The Embracer Group has made other significant acquisitions over the past year, having purchased developer Borderlands Gear box in February 2021, the creator of Duke Nukem 3D realms in August, and frequent comic book publisher and video game adapter dark horse in December.
This follows a broader trend of consolidation in the gaming industry, with Microsoft’s successful acquisitions of Bethesda and Activision, as well as Sony’s purchase of Destiny developer Bungie.