Overview

• Take-Two Interactive has purchased Gearbox Entertainment from Embracer Group for $460 million, acquiring franchises like Borderlands and Homeworld.
• The sale is part of Embracer's restructuring, following a failed $2 billion deal, leading to layoffs and studio closures.
• Gearbox, known for developing the Borderlands series, has six projects in development, including a new Borderlands game.
• Embracer Group retains certain assets, including Gearbox Publishing San Francisco and rights to games like Remnant and Hyper Light Breaker.
• The acquisition aims to strengthen Take-Two's portfolio and leverage Gearbox's creative talent for future projects.