Who bought Volition?

Who Bought Volition?

In a shocking announcement, Embracer Group, a Swedish video game holding company, revealed that it had shut down Deep Silver Volition, the developer of popular action-packed franchises such as Saints Row and Red Faction. This move marks the end of an era for the company, which has been creating games for over three decades. In this article, we’ll explore the timeline of who bought Volition and what led to its eventual shutdown.

When Did Embracer Buy Volition?

The journey of Volition began in 2000, when it was acquired by THQ. However, after THQ’s bankruptcy, Volition was put up for auction and sold to Koch Media (now known as Plaion) in 2013, becoming part of its Deep Silver division. In 2022, Gearbox Entertainment, another video game holding company, acquired Volition. However, the company was sold to Embracer Group in a deal worth up to $1.3 billion in 2021.

What Led to Volition’s Shutdown?

Volition’s fate was sealed when its lack of success with the Saints Row reboot led to its demise. The company’s failure to deliver a successful game prompted Embracer Group to reevaluate its strategic plans and ultimately decide to shut down Volition. According to Embracer, the decision was made "as part of a larger restructuring within the Embracer Group."

Embracer Group: Who Owns It?

Embracer Group is a Swedish video game holding company controlled by Lars Wingefors. The company was formed in 2016, following the acquisition of Nordic Games Group, and has since grown to become one of the largest video game companies in the world. As of 2021, Embracer Group has 76 internal studios in over 45 countries, making it a significant player in the gaming industry.

Who Did Gearbox Sell to?

Prior to being acquired by Embracer Group, Gearbox Entertainment sold Volition to Embracer Group in a deal worth up to $1.4 billion in 2021.

What’s Next for Embracer Group?

Despite shutting down Volition, Embracer Group remains committed to expanding its gaming portfolio. With a significant presence in over 45 countries, the company is well-positioned to continue growing and exploring new opportunities in the video game industry.

Timeline of Who Bought Volition

• 2000: THQ acquires Volition
• 2013: Koch Media (now Plaion) acquires Volition, becomes part of Deep Silver division
• 2021: Gearbox Entertainment acquires Volition
• 2021: Embracer Group acquires Volition from Gearbox Entertainment in a deal worth up to $1.3 billion
• 2022: Embracer Group shuts down Volition, citing the failure of the Saints Row reboot

Conclusion

Volition’s journey has been marked by a series of acquisitions and rebrandings, ultimately leading to its shutdown by Embracer Group. Despite the news, Embracer remains committed to growing its gaming portfolio and exploring new opportunities in the industry. The company’s significant presence and financial resources make it well-positioned to continue being a major player in the gaming world.

Resources

• [1] Embracer Group Press Release: "Embracer Group to Acquire Volition from Gearbox Entertainment" (2021)
• [2] Kotaku: "Embracer Group Is Shutting Down Volition, The Makers Of Saints Row" (2022)
• [3] The Verge: "Embracer Group buys Gearbox Entertainment for up to $1.4 billion" (2021)