“Going forward, Volition will transition to become part of Gearbox which has all the tools, including an experienced management team in the United States, to create future success at Volition,” reads the press release. “This is the first internal group transfer where we transfer a major studio between operative groups, but it is not necessarily the last.”

Embracer Group also stated that the latest entry in the Saints Row series, which launched on August 23, “did not meet the full expectations and left the fanbase partially polarized,” but financially “performed in line with management expectations in the quarter.”