Embracer Group Sells Borderlands Developer Gearbox to Take-Two Interactive

Embracer Group, a Swedish gaming holding company that acquired several game studios between 2019 and 2022, will be selling Gearbox Interactive to Take-Two for $460 million. Embracer statedthat Take-Two would acquire complete ownership of Gearbox franchises Borderlands , Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem in the transaction, which is anticipated to close in June 2024.

Everyone’s favorite magician, Randy Pitchford, is still going to lead Gearbox while under Take-Two’s 2K division. Through a separate, we also now have confirmation that Gearbox is cooking up a brand new Borderlands game, a new Homeworld game, and “at least one exciting new intellectual property.

Gearbox and Take-Two have been working together for nearly 20 years now, so the acquisition is a natural step forward for both companies. Borderlands was published by Take-Two through its 2K label, and are continuing this partnership through the upcoming Borderlands movie adaptation, as well Gearbox’s sadly forgottenEmbracer Group has been gradually selling off some of its several studios since their $2 billion acquisition deal fell apart last year.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Embracer Group Officially Selling Borderlands Developer Gearbox to Take-TwoGearbox Entertainment will be sold for $460 million.
Source: ComicBook - 🏆 65. / 68 Read more »

Embracer Group finally sells Gearbox Software, but keeps Gearbox PublishingEmbracer Group may have sold Gearbox Software and Borderlands, but it retains control of Remnant II by keeping Gearbox Publishing San Francisco.
Source: DigitalTrends - 🏆 95. / 65 Read more »

Embracer is selling Borderlands developer Gearbox to Take-TwoSwedish gaming conglomerate Embracer Group has entered an agreement to sell Gearbox Interactive to Rockstar parent company Take-Two for $460 million.
Source: verge - 🏆 94. / 67 Read more »

Take-Two is buying Gearbox from Embracer for $460 millionKris Holt joined Engadget as a contributing reporter on the news desk in 2018. He has been writing about technology, games, streaming and entertainment for over a decade after starting his career as a sub-editor on a local newspaper. Kris holds a Master of Arts degree in English from the University of Dundee.
Source: engadget - 🏆 276. / 63 Read more »

Borderlands 4 Confirmed to Be in Active DevelopmentThe next Borderlands game has been confirmed following the purchase of Gearbox!
Source: ComicBook - 🏆 65. / 68 Read more »

Visionaries and Shapers of the Borderlands!Hola Amigoooooos!!Port of entry has a fresh new season for you with more rich stories of our border region. This time around, we are spotlighting Shapers and Visionaries of borderlands. Stories of People who are impacting the region and in some cases the world with their work and research.
Source: KPBSnews - 🏆 240. / 63 Read more »