Swedish gaming conglomerate Embracer Group has entered an agreement to sell Gearbox Interactive to Rockstar parent company Take-Two for $460 million.
In a press release published on Thursday, Embracer announced that Take-Two will acquire full ownership over the Borderlands , Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem franchises in the deal, which is expected to be finalized by June 2024. Take-Two Entertainment will also acquire the Gearbox studios based in Quebec, Montréal, and Frisco, Texas.
” The acquired assets — which according to Take-Two include two Borderlands titles, two Homeworld titles, and “at least one exciting new intellectual property” already in development — will continue being led by Gearbox CEO Randy Pitchford under Take-Two’s 2K division. “We are thrilled to welcome Randy Pitchford and his team of passionate, talented developers to 2K and we look forward to releasing numerous projects in the future as colleagues,” said 2K president David Ismailer.
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