Swedish
gaming
conglomerate
Embracer
Group
has
entered
an
agreement
to
sell
Gearbox
Interactive
to
Rockstar
parent
company
Take-Two
for
$460
million.
In
a
press
release
published
on
Thursday,
Embracer
announced
that
Take-Two
will
acquire
full
ownership
over
the
Borderlands
(including
Tiny
Tina’s
Wonderlands),
Homeworld,
Risk
of
Rain,
Brothers
in
Arms,
and
Duke
Nukem
franchises
in
the
deal,
which
is
expected
to
be
finalized
by
June
2024.
Take-Two
Entertainment
will
also
acquire
the
Gearbox
studios
based
in
Quebec,
Montréal,
and
Frisco,
Texas.
Embracer
will,
however,
retain
several
Gearbox
assets,
including
Gearbox
Publishing
San
Francisco
(which
will
be
renamed),
Cryptic
Studios,
Lost
Boys
Interactive,
the
Remnant
franchise,
Hyper
Light
Breaker,
and
“other
notable
unannounced
game
releases.”
The
acquired
assets
—
which
according
to
Take-Two
include
two
Borderlands
titles,
two
Homeworld
titles,
and
“at
least
one
exciting
new
intellectual
property”
already
in
development
—
will
continue
being
led
by
Gearbox
CEO
Randy
Pitchford
under
Take-Two’s
2K
division.
“We
are
thrilled
to
welcome
Randy
Pitchford
and
his
team
of
passionate,
talented
developers
to
2K
and
we
look
forward
to
releasing
numerous
projects
in
the
future
as
colleagues,”
said
2K
president
David
Ismailer.
“We
have
loved
partnering
with
Gearbox
on
every
iteration
of
the
Borderlands
franchise
and
are
excited
to
be
in
active
development
on
the
next
installment
in
the
series.”
Original author: Jess Weatherbed
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