"Take-Two Acquires Gearbox Entertainment, Confirms New Borderlands Game Development"

Take-Two Interactive has acquired Gearbox Entertainment from Embracer Group for $460 million as part of Embracer's restructuring efforts following a failed $2 billion deal. The sale includes Gearbox's development entities and franchises, with Take-Two gaining ownership of titles like Borderlands and Homeworld. Embracer retains other branches of Gearbox and is integrating them into the company. Gearbox confirms six titles in the works, including sequels and a new IP. Both Embracer and Gearbox CEOs express confidence in the transaction's benefits for all stakeholders.