Take-Two Acquires Gearbox Entertainment for $460 Million

The deal marks the end of Embracer Group's restructuring, with Gearbox set to join Take-Two's 2K division.

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.