"Take-Two Acquires Gearbox Entertainment, Confirms New Borderlands Game Development"
TL;DR
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.
Topics:technologybusiness-and-gaming#acquisitions#business-and-gaming#embracer-group#gearbox-entertainment#take-two-interactive#video-game-industry
- Take-Two Purchases Gearbox Entertainment From Embracer For $460 Million Game Informer
- Take-Two Buys Gearbox From Embracer, Confirms Development on New Borderlands Game IGN
- Gearbox is laying off staff following Embracer breakup Game Developer
- Embracer is selling Borderlands developer Gearbox to Take-Two The Verge
- Embracer has sold Gearbox — and Borderlands — to Take-Two for $460M Polygon
Want the full story? Read the original reporting
Read on Game Informer