Frisco, Texas – Swedish gaming company Embracer Group has reached an agreement to sell Gearbox Interactive to Take-Two, the parent company of Rockstar, for $460 million. This deal, announced in a press release, will see Take-Two taking full ownership of popular franchises like Borderlands, Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem by June 2024.
Additionally, Take-Two will acquire Gearbox studios located in Quebec, Montréal, and Frisco, Texas. However, Embracer will retain ownership of other assets from Gearbox, including Gearbox Publishing San Francisco (to be renamed), Cryptic Studios, Lost Boys Interactive, the Remnant franchise, Hyper Light Breaker, and future unannounced game releases.
According to Take-Two, the acquired assets include projects such as two Borderlands titles, two Homeworld titles, and a new intellectual property in development. These assets will continue to be managed by Gearbox CEO Randy Pitchford under Take-Two’s 2K division.
David Ismailer, president of 2K, expressed excitement about the collaboration with Gearbox and the future of the Borderlands franchise. He welcomed Randy Pitchford and his team to 2K, looking forward to working together on upcoming projects. The partnership aims to bring innovative and engaging gaming experiences to fans.
Overall, the acquisition of Gearbox by Take-Two represents a significant move in the gaming industry. With the consolidation of these well-known franchises under the umbrella of a major player like Take-Two, the landscape of the gaming market is set to evolve in the coming years. Fans can anticipate exciting developments and new releases from this collaboration in the near future.