Embracer Group sells Borderlands creator Gearbox to Take Two for 460 million
Embracer has divested itself of Gearbox, losing multiple studios and IP for a hefty sum in Take Two shares.
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Embracer has divested itself of Gearbox, losing multiple studios and IP for a hefty sum in Take Two shares.
INSIDE INFORMATION: Embracer Group has today entered into an agreement to divest Gearbox Entertainment, for a consideration of USD 460 million to Take-Two Interactive Software, Inc. . The proceeds...
Embracer has entered an agreement to sell Gearbox Interactive to Take-Two for $460m.
A good few months after a sale was first reported to be on the table, Embracer has now confirmed the sale of Gearbox Entertainment to Take-Two Interactive
Gearbox is leaving Embracer, as their parent company has announced they will divest most of the company to Take-Two Interactive.