Take-Two acquires Borderlands studio Gearbox from Embracer for $460m
Embracer has entered an agreement to sell Gearbox Interactive to Take-Two for $460m.
When this transaction is complete, Take-Two will acquire the Borderlands and Tiny Tina's Wonderlands franchises, as well as Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem. Closing is expected to be finalised in Q1 FY 24/25, ending June 2024.
Following this, Embracer will still retain a number of assets such as Lost Boys, which Gearbox acquired in 2022.
To see this content please enable targeting cookies. Manage cookie settings Newscast: Behind the headlines of GDC, a cautious sense of hope.Watch on YouTubeThe divested assets from this sale include:
- Gearbox Software (Frisco, Texas)
- Gearbox Montréal
- Gearbox Studio Quebec
- Borderlands and Tiny Tina's Wonderlands franchises, as well as Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem
«Joining forces with Take-Two Interactive/2K will help Gearbox ascend to our next level,» Gearbox founder Randy Pitchford said today. «Take-Two and 2K have demonstrated repeatedly their commitment to our engine of generating creativity, happiness and profit.
»We set the bar for interactive entertainment and achieved remarkable results with record-setting games when we worked together at arm's length as partners [2K published previous Borderlands games]. I'm incredibly excited about what we can accomplish now that we're fully aligned as one."
In a quote shared with BusinessWire, 2K president David Ismailer confirmed Gearbox and 2K are actively working on the next instalment in the Borderlands series.
Welcome to the family ‼️ <a href=«https://twitter.com/GearboxOfficial?ref_src=» https:>@GearboxOfficial
https://t.co/Lf253M7p7J— 2K (@2K) <a href=«https://twitter.com/2K/status/1773196763987382385?ref_src=» https:>March 28, 2024To see this content please enable targeting cookies. Manage cookie settings
Meanwhile, Embracer's retained assets from this deal include:
- Gearbox Publishing San Francisco (to be renamed prior to closing, formerly
