"Take-Two Acquires Gearbox Entertainment, Developer of Borderlands Franchise"
TL;DR Summary
Embracer Group has agreed to sell Gearbox Interactive to Take-Two for $460 million, with Take-Two acquiring full ownership of several popular gaming franchises including Borderlands and Homeworld. Embracer will retain some Gearbox assets, while the acquired assets will be led by Gearbox CEO Randy Pitchford under Take-Two's 2K division. The sale comes as part of Embracer's restructuring efforts following a failed $2 billion deal last year, and is expected to be finalized by June 2024.
- Embracer is selling Borderlands developer Gearbox to Take-Two The Verge
- Take-Two Buys Gearbox From Embracer, Confirms Development on New Borderlands Game IGN
- Take-Two Interactive Software, Inc. to Acquire The Gearbox Entertainment Company Inc., Developer of Highly Successful Borderlands Franchise Business Wire
- Flagging megacorp Embracer Group is now selling off Gearbox Entertainment to Take-Two for $460 million PC Gamer
- Video Game Publisher Take-Two Interactive to Acquire ‘Borderlands’ Maker Gearbox for $460M Hollywood Reporter
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