Take-Two, owner of GTA, acquired Gearbox Entertainment

Take-Two acquires Gearbox Entertainment

While Take-Two purchased Gearbox Entertainment from Embracer, which was going through a bad financial period, for $460 million, it also acquired the studio’s new Borderlands ve Homeworld It has also been confirmed that he has improved his games. Embracer, meanwhile, will retain Gearbox Publishing San Francisco, which will be renamed before the deal is officially completed. Embracer also added that the sale of Gearbox would reduce the company’s net debt by $300-330 million.

According to the statement, all retained assets will be integrated into other parts of the Embracer Group. of sales To be completed by the end of June Waiting. On the other hand, Gearbox will join Take-Two’s 2K division. During this transition period, the studio will continue to be led by CEO and founder Randy Pitchford. In addition to Borderlands and Homeworld, an unnamed “exciting” game is also being developed.

[bkzdh;=175772]

Gearbox and Take-Two are not strangers to each other. Take-Two has been serving as the publisher of the Borderlands series for some time through its 2K label, and they are also in partnership with the upcoming Borderlands movie. Although it is unclear when we will see new Gearbox games, Take-Two’s focus is currently entirely on GTA 6. Although GTA 6 is planned to be released in 2025, it has recently been said that the game may be postponed to 2026.

Source

https://www.ign.com/articles/take-two-buys-gearbox-from-embracer-confirms-development-on-new-borderlands-game

https://www.businesswire.com/news/home/20240327928202/en/Take-Two-Interactive-Software-Inc.-to-Acquire-The-Gearbox-Entertainment-Company-Inc.-Developer-of-Highly-Successful-Borderlands-Franchise

Share via Email
This is titled mail it to your friend.

This news our mobile application Download using
You can read it whenever you want (even offline):