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Embracer Group is selling Borderlands studio Gearbox Entertainment in $460M deal

Embracer Group has been undergoing a cost-cutting initiative over the past year, leading to several studio closures and layoffs. Other major companies under the Embracer banner have instead been sold. Earlier this month we saw Saber Interactive split off from its former parent company. Now, Gearbox Entertainment has also been sold.
Duke Nukem Lars Wingefors Saber Interactive Gearbox Software Embracer Group Gearbox Entertainment

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Embracer Group Strikes $460M Stock Deal, Sells Gearbox Entertainment To Take-Two - Embracer Group (OTC:EBCRY), Take-Two Interactive (NASDAQ:TTWO)

Embracer Group Unsponsored ADR (OTCMKTS: EBCRY) announced the divestment this week of Gearbox Entertainment to Take-Two Interactive Software Inc (NASDAQ: TTWO) for $460 million in a deal expected to be finalized by the
San Francisco United States Randy Pitchford Duke Nukem Embracer Group Saber Interactive

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