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June 14, 2024
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Take-Two Acquires Borderlands Developer Gearbox from Embracer for $460 Million

Take-Two Acquires Borderlands Developer Gearbox from Embracer for $460 Million

by
William D’Angelo
, posted 14 hours ago / 1,047 Views

Take-Two Interactive Software announced it acquiring The Gearbox Entertainment Company from Embracer Group for $460 million.

Gearbox will operate as a studio under the 2K label and will continue to be led by founder and CEO Randy Pitchford, as well as by his management team.

The developer “has six key interactive entertainment projects in various stages of development, including five sequels, two of which are from the Borderlands and Homeworld franchises, and at least one exciting new intellectual property.”

Once the sale closes, The Gearbox Entertainment Company will retain Gearbox Software, Gearbox Montreal, Gearbox Studio Quebec, and the Borderlands, Tiny Tina’s Wonderlands HomeworldRisk of RainBrothers in Arms, and Duke Nukem franchises.

Embracer Group will retain Gearbox Publishing San Francisco, which will be renamed. The company will also continue to own the publishing rights to the Remnant franchise, Read More