Embracer Group finally confirmed that it is selling Borderlands studio Gearbox Entertainment to Take-Two Interactive, but there’s a catch: Embracer Group will retain ownership of Gearbox Publishing.
Embracer Group acquired Gearbox Entertainment in 2021 but is now offloading much of it as part of a restructuring plan meant to recoup money after a deal fell through in 2023. Take-Two Interactive’s 2K already published all the Borderlands games, so it’s a sensible $460 million purchase that also nets them franchises like Tiny Tina’s Wonderlands, Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem.
That still accounts for 1,336 developers, but it’s not the whole company that was known as Gearbox Entertainment under Embracer Group. That’s because Gearbox had greatly expanded into game publishing following the acquisition of Perfect World Entertainment, which was renamed Gearbox Publishing San Francisco.
Recommended Videos Embracer Group obviously plans to rename Gearbox Publishing San Francisco, outlining that the kept companies “will be welcomed and integrated into other parts of Embracer Group in the coming period” but that they “are expected to contribute with positive cash flow going forward.” Embracer Group’s sale of Gearbox is expected to close before the end of June. Take-Two’s press release on the sale confirms Gearbox has six projects in development, including a new IP and a new Borderlands game, all of which will be published by 2K.
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