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Embracer sells Borderlands studio Gearbox for $460 million after acquiring it for $1.3 billion just 3 years ago

gamesradar.com

Embracer Group has sold Borderlands developer Gearbox for $460 million USD, after acquiring the developer for roughly $1.3 billion just over three years ago.

Earlier today, Embracer Group announced it had completed the sale of Borderlands studio Gearbox Entertainment for $460 million USD to Take-Two Interactive.

The deal includes the sale of Gearbox's Austin, Texas and Quebec, Montreal studios, as well as the franchise rights to the Borderlands, Tiny Tina, Homeworld, Risk of Rain, and Duke Nukem series.

However, Embracer is retaining the publishing arm of Gearbox, which includes the rights to games such as Remnant 2, and the forthcoming Hyper Light Breaker.

There's also "other unannounced games" retained via Gearbox's publishing arm for Embracer Group. Embracer is also keeping the rights to Neverwinter Online and Star Trek Online, two MMO titles, as well as Lost Boys Interactive and Captured Dimensions.

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