Kris Holt joined Engadget as a contributing reporter on the news desk in 2018. He has been writing about technology, games, streaming and entertainment for over a decade after starting his career as a sub-editor on a local newspaper. Kris holds a Master of Arts degree in English from the University of Dundee.
More major changes are afoot on the business side of the video game world, as a notable name is changing hands once again. Take-Two Interactive hasto buy Gearbox Entertainment from the embattled Embracer Group. The deal is worth $460 million in stock and is expected to close by June 30. It had been, Tiny Tina’s Wonderlands, Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem franchises, along with “Gearbox’s future pipeline.
Embracer is hanging onto Gearbox Publishing San Francisco, which will be renamed. That holds the publishing rights for the Remnant series,Take-Two notes that Gearbox has “six key interactive entertainment projects in various stages of development.” Those include five sequels, among themfor an initial $363 million. If Gearbox met certain targets, the deal would have been worth just over an extra $1 billion over six years.after a $2 billion investment deal fell apart.
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