Page 13 - Saber Interactive News Today

Borderlands developer Gearbox Entertainment has been acquired by none other than Take-Two Interactive in a $460 million deal.

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Take Two Interactive has acquired video game developer Gearbox, the maker of the "Borderlands" franchise, from Embracer Group for $460 million.

Take-Two will acquire the developer for a cool $460 million

While Embracer Group has sold the majority of its previous studios and games from Gearbox Entertainment to Take-Two Interactive, it revealed today it has kept a few studios and games for itself.

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Embracer Group has divested Gearbox Entertainment from its stable of video game studios, with Take-Two Interactive purchasing the company for $460 million.

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

The company is pocketing at least $247 million from the sale of a business unit.

Offloading Gearbox is the latest move by Swedish media giant Embracer Group, which is restructuring after a $2 billion investment deal fell through last summer.