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Embracer Group finally confirmed that it is selling Borderlands studio Gearbox Entertainment to Take-Two Interactive, but there’s a catch: Embracer Group will retain ownership of Gearbox Publishing.
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 (the parent company of Grand Theft Auto publisher Rockstar and others) has agreed to 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 rumored for several months that Embracer was planning to sell off Gearbox.
Gearbox Entertainment, the company behind the fan-favorite series Borderlands, confirms that it has been acquired by Take-Two Interactive/2K. While this is not necessarily surprising, as rumors have swirled around Borderlands and Gearbox's status within Embracer Group for some time, it does come in the middle of the night, almost literally, for many fans around the world.
Embracer has entered an agreement to sell Gearbox Interactive to Take-Two for $460m.
Swedish games behemoth Embracer Group bought Gearbox for $1.3 billion back in 2021. Just over three years later, Embracer Group is divesting Gearbox Entertainment to 2K Games and Rockstar parent company Take-Two Entertainment for $460 million. The acquisition is expected to finalize by the end of June.
Gearbox Entertainment, the company behind the fan-favorite series Borderlands, confirms that it has been acquired by Take-Two Interactive/2K. While this is not necessarily surprising, as rumors have swirled around Borderlands and Gearbox's status within Embracer Group for some time, it does come in the middle of the night, almost literally, for many fans around the world.
During the Game Developers Conference 2024 in San Francisco, Funcom provided the first detailed Dune Awakening presentation to the press. For the full details of what was discussed in the open world survival MMO's overview, head to our previous article.
Earlier this month we learned a bit more about survival MMO Dune: Awakening's base-building system—namely, that to claim a piece of Arrakis for yourself, you have to pay the emperor for it. Yep, even 20,000 years in the future on an alien planet, you've still gotta pay taxes.