Take-Two acquires Gearbox from Embracer for US$ 460 million

Take-Two Interactive is about to acquire the renowned developer Gearbox, from Embracer Group, for an amount of US$ 460 million. The deal is scheduled to be finalized in June of this year.

Gearbox, known for titles such as the Borderlands series, which is published by Take-Two, was already collaborating with the company on an upcoming game in the franchise. With the acquisition, Take-Two will also take over ownership of other Gearbox franchises, such as Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem, as well as future titles from the developer.

Gearbox will continue to operate under the 2K brand of Take-Two and will be led by its founder and CEO, Randy Pitchford. The acquisition aims to strengthen Take-Two's intellectual property portfolio, including the popular Borderlands franchise.

For Gearbox, this new partnership represents an opportunity for growth and development, with Pitchford expressing excitement about the next chapter of the company.

The acquisition of Gearbox by Take-Two is part of an ongoing restructuring process at Embracer Group, which aims to optimize its resources and drive long-term growth. The sale of Gearbox follows other recent transactions by Embracer, such as the sale of Saber Interactive and associated studios.

With nearly two decades of collaboration, the partnership between Gearbox and Take-Two has been crucial to the success of both companies, highlighting Gearbox's unique ability to create memorable interactive experiences.