Take-Two has sold Private Division
US publishing giant Take-Two has sold off its Private Division indie publishing label.
The company announced this during its most recent financial report, but is yet to say how much it sold the publisher off for or who owns it now. Speaking to GI.biz, CEO Strauss Zelnick said that it would be revealing Private Division's new home "relatively soon".
As for why Take-Two has opted to part with Private Division, it appears that the Grand Theft Auto giant wasn't happy with the scale of projects that the indie publisher was producing.
"We made this strategic decision so that we could focus all of our resources on growing our core and mobile businesses for the long term," Zelnick said.
"We're really best at these big triple-A experiences. We have the biggest intellectual properties in the interactive entertainment business, some of the biggest intellectual properties in the overall entertainment business and to make sequels to existing beloved franchises as well as to create new hit intellectual properties is our mission.
"The team of Private Division did a great job supporting independent developers and, almost to a one, every project they supported did well. However, the scale of those projects was, candidly, on the smaller side, and we're in the business of making great big hits."
Rumours that Take-Two was contemplating a Private Division sale first emerged in June following reports that the company had shut down Roll7 and Intercept Games.
Take-Two founded Private Division in December 2017.
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