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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.
Swedish video game group Embracer said Thursday it was selling Gearbox Entertainment, the developer of the popular first-person shooter franchise "Borderlands", to US company Take-Two for $460 million.
Take-Two Interactive has confirmed plans for a new Borderlands game as it finalizes a deal to acquire Gearbox from Embracer Group
Gaming conglomerate Embracer Group continues restructuring by selling Randy Pitchford’s studios and the Borderlands franchise to its publisher 2K Games
The Borderlands developer has been freed from Embracer.