Embracer sell off more assets with Gearbox being acquired by Take-Two for $460m
Borderlands developer Gearbox is to be acquired by Take-Two for $460m.
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Borderlands developer Gearbox is to be acquired by Take-Two for $460m.
Embracer Group has sold Borderlands developer Gearbox for $460 million USD, after acquiring the developer for roughly $1.3 billion just over three years ago.Earlier today, Embracer Group announced it
Take-Two will become the proud owner of major Gearbox studios and franchises including Borderlands, Tiny Tina's Wonderlands, and Homeworld.
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.
It’s just been announced that Take-Two, which owns GTA developer Rockstar, will purchase Gearbox for $460 million.