Take-Two Interactive has acquired Gearbox Entertainment from Embracer Group for $460 million in a deal that includes popular game franchises like Borderlands, Tiny Tina's Wonderlands, Risk of Rain, Duke Nukem, and Brothers in Arms. The acquisition is expected to close by the end of June 2024. Gearbox will join Take-Two's 2K division, led by CEO Randy Pitchford, and continue developing projects such as Borderlands 4 and Homeworld. Embracer retains Gearbox's publishing arm amid the sale.
Frisco-based video game studio Gearbox Entertainment Co., best known for its first-person shooter game “Borderlands,” is being acquired by New York entertainment company Take-Two Interactive Software, Inc. for $460 million. https://t.co/kkOlWK7VP3
We can't predict if GTA 6 will get delayed, Red Dead Redemption 2 suffered from a lot from development crunch and there were surprisingly a good amount of delays. To say that a definite release date is still on track is very difficult especially with the level that Rockstar… https://t.co/hdWDt04fHn
Gearbox Entertainment Company, Frisco-based developer of well-known video games such as the "Borderlands" series, is set to become part of industry giant Take-Two Interactive Software Inc. https://t.co/zu5K1lQMhF
Frisco-based video game developer Gearbox acquired for $460 million https://t.co/kkOlWK7VP3
Embracer freezes acquisition drive as its restructure program comes to an end https://t.co/POHipZjdHm https://t.co/y821Aaeayc
As restructuring ends with the sale of Gearbox, Embracer's CEO has a new plan: 'simply making better products and games' https://t.co/PFRGWs7Inc
Embracer freezes acquisition drive as its restructure program comes to an end https://t.co/jM096kiYSF #gamedev #gamedevelopment #indiedev
Embracer receives acquisition offers for its subsidiaries on “weekly basis,” has no plans to restart its M&A engine https://t.co/x7NhYTYICI #gamedev #gamedevelopment #gameart #indiedev
Embracer Group Doesn't Plan To Buy New Studios Yet Following Mass Layoffs https://t.co/yt5n9QHCro https://t.co/uCbX7BhCN7
Embracer's CEO says it’s “too early” for it to start considering studio acquisitions again, following the completion of its costly restructuring. https://t.co/bARpcjErCW https://t.co/Hn5VqPQIzd
Layoffs Hit Gearbox Staff Hours After Embracer Sale https://t.co/GhjYkvOWsI #Repost #EmbracerGroup #Industry #Gearbox
Take-Two is snapping up Borderlands developer Gearbox Entertainment from the embattled Embracer Group. https://t.co/2CmXXRRGaE #Repost #TakeTwo #GearboxEntertainment #Industry
Layoffs Hit Gearbox Staff Hours After Embracer Sale https://t.co/GhjYkvOWsI #EmbracerGroup #Industry #Gearbox
Borderlands’ developer has been purchased by Take-Two. https://t.co/7uPitZWDyV https://t.co/3ddLeHzlPr
Take-Two To Acquire Gearbox From Embracer For $460 Million https://t.co/fQm65JBb5O https://t.co/Zge2JLkWcJ
Gearbox is laying off staff following Embracer breakup https://t.co/RFbWBsUnOV https://t.co/0gmMNApcZS
Embracer sells Borderlands maker Gearbox to Take-Two Interactive for $460 million https://t.co/6iCm94MIwt https://t.co/1d5amvTnZZ
Take-Two purchases Gearbox from Embracer Group for $460 million. https://t.co/gDgbajREtu https://t.co/iZUe5petdm
The embrace is over: Embracer Group lets go of Borderlands studio Gearbox, selling it to Take-Two Interactive. https://t.co/OBYoZiFyPU
Video game publisher Take-Two Interactive Software has acquired Gearbox Entertainment, the company behind the Borderlands franchise, for $460 million in an all-stock deal with Embracer, the latest big deal in the video game business https://t.co/aUQhOXOgkf
Gearbox sold by Embracer for $460 Million https://t.co/rtunbmezYO
Gearbox is laying off staff following Embracer breakup At least three employees and 'countless others' have been let go from the Borderlands studio as it's preparing to jump ship over to Take-Two. https://t.co/RFbWBsUnOV https://t.co/1ce8BuEFAO
I'm guessing a lot of people thought 2K already owned Gearbox. But no, they were independent (until Embracer) & 2K had "dibs" on all Borderlands games. Selfishly I'd love Brothers in Arms to come back, but realistically it's gonna be LOTS more Borderlands https://t.co/SuyYxWWq9C
Take-Two Buys Gearbox From Embracer, Confirms Development on New Borderlands Game https://t.co/znai7UNzRM https://t.co/2QFgx7P0Cm
Take-Two is buying Gearbox from Embracer for $460 million https://t.co/gVpiCzFauS https://t.co/Nglq1Nspbx
Take-Two is buying Gearbox Entertainment from Embracer for $460 million. Story below: https://t.co/l9OjXmF0G7
Embracer Group may have sold #GearboxSoftware and #Borderlands, but it retains control of Remnant II by keeping Gearbox Publishing San Francisco. https://t.co/keU1IDh4DA
Take-Two Will Acquire Borderlands Dev Gearbox Entertainment https://t.co/2CmXXRRGaE #Repost #TakeTwo #GearboxEntertainment #Industry
Video game company Take-Two has entered into a definitive agreement to acquire @GearboxOfficial, the creator of the popular Borderlands game franchise. https://t.co/ccDGUsJWbp
Embracer Sells Borderlands Maker Gearbox For Less Than Half Of What It Paid https://t.co/uyqKDd0kJw https://t.co/ztX8iljVzz
Borderlands dev @GearboxOfficial is being acquired by Take-Two for $460 million as @embracergroup's restructure continues... https://t.co/M4iydOAgAg https://t.co/Y2kEdl01cg
Embracer Group lets go of Borderlands maker for $460M after three years https://t.co/OGPNiz0fT9
Take-Two Interactive to Acquire ‘Borderlands’ Developer Gearbox From Embracer Group for $460 Million https://t.co/gZhm6CbYUW via @variety
Take-Two Interactive to Acquire 'Borderlands' Developer Gearbox From Embracer Group for $460 Million https://t.co/y2bXVSUVYk
Take-Two Strikes Deal for Borderlands Developer. The Stock Isn’t All About GTA. https://t.co/bc4X5rdopv
Gearbox will join Take-Two's 2K division and will continue to be led by CEO and founder Randy Pitchford. Currently, Gearbox has both a new Borderlands and a new Homeworld game in development, as well as "at least one exciting new intellectual property." https://t.co/HB6Ed0mvGP https://t.co/3XNqkcXHE5
Next Borderlands Game In "Active Development" https://t.co/Jmwc0S1k33 https://t.co/o4MqmM4pKv
Gearbox joins Rockstar and 2K at Take-Two Interactive https://t.co/dOlmD7MY1n https://t.co/HgdkVg6UPo
2K has confirmed that the next Borderlands game is in active development at Gearbox. https://t.co/oLMXbgCT2S https://t.co/yxXhxMkiim
Take-Two Buys Gearbox And Its New ‘Borderlands’ Game From Embracer via @forbes https://t.co/f7kLOFscC1 https://t.co/uQgRYR53Jx
Embracer sells Borderlands maker Gearbox to Take-Two Interactive for $460 million Take-Two will become the proud owner of major Gearbox studios and franchises including Borderlands, Tiny Tina's Wonderlands, and Homeworld https://t.co/6iCm94MIwt https://t.co/NDqdXvKQoD
Borderlands 4 is in "active development" and is just one of "numerous projects" Take-Two plans to release with Gearbox https://t.co/apCLWziO4X
Video Game Publisher Take-Two Interactive to Acquire 'Borderlands' Maker Gearbox for $460M https://t.co/nyxHXrbtwp
Embracer is selling Borderlands developer Gearbox to Take-Two https://t.co/YXj0LvvSia
Take-Two to acquire Gearbox in $460m all-stock deal https://t.co/ccDGUsJWbp
Embracer retains Gearbox's publishing arm, however https://t.co/UlUkBwQonw https://t.co/R0RbNaKf2v
Embracer sells Borderlands studio Gearbox for $460 million after acquiring it for $1.3 billion just 3 years ago https://t.co/uugD6Q23pw
Swedish video game group Embracer said Thursday it was selling Gearbox Entertainment, the developer of the popular first-person shooter franchise "Borderlands", to US company Take-Two for $460 million. https://t.co/e9Rz32QLuy
Take-Two is acquiring Borderlands maker Gearbox from Embracer for $460M. https://t.co/LnvmPkRnKP https://t.co/v57l2NIq5h
Take-Two will acquire Gearbox. The studio is working on six projects, including two Borderlands games. Randy Pitchford will remain in charge. https://t.co/7om1vLeaJV
Take-Two acquires Borderlands studio Gearbox from Embracer for $460m https://t.co/5nicni0srx https://t.co/Ub0WKfz3Ia
.@embracergroup is selling @GearboxOfficial with its Borderlands and Tiny Tina’s Wonderlands franchises to Take-Two for $460 million. See what stays with the group: https://t.co/u2gHszExOj #Borderlands #TakeTwo #games #gamenews #videogames https://t.co/5aWjjf8dmF
Take-Two Will Acquire Borderlands Dev Gearbox Entertainment https://t.co/2CmXXRRGaE #TakeTwo #GearboxEntertainment #Industry
Embracer Group has officially divested Gearbox Entertainment, selling the division to Take-Two Interactive for $460 million. https://t.co/HB6Ed0mvGP https://t.co/NpBoLcZx62
Take-Two Interactive Software to acquire The Gearbox Entertainment Company https://t.co/EHdch2I95Y https://t.co/GtEcsfebBc
Borderlands 4 is officially in development via @BusinessWire https://t.co/a5XxKjAE7B
It's called escape from Embracer. $460 million price paid in 2024; $1.3 billion in 2021. Take-Two to acquire Gearbox from Embracer https://t.co/gZs8oArwPg via @VentureBeat
Take-Two Buys Gearbox Entertainment From Embracer For $460M https://t.co/liZgnBoZi7 https://t.co/UCzHEPAZni
Re: Embracer paying $1.3b for Gearbox vs selling it for $460m Not quite In 2021, Embracer paid $363m for G., half in E's stock. $1b more tied to targets over 6 years Embracer now sells G. for $460m, T2 pays in new stock. Embracer, post fees/stock sales, expects $300-330m cash https://t.co/b79gB17NF9
Take-Two acquires Borderlands developer Gearbox Entertainment from the Embracer Group for $460M in stock; the deal is expected to close by the end of June 2024 (@duckvalentine / IGN) https://t.co/Q2oxjsNKif 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/MVCXew7qGI
Flagging megacorp Embracer Group is now selling off Gearbox Entertainment to Take-Two for $460 million. https://t.co/2HEji0OIre
Take-Two to buy Gearbox from Embracer for $460 million https://t.co/7om1vLeaJV
Take-Two Interactive to acquire Borderlands maker Gearbox Entertainment from Embracer https://t.co/tsemw7lvcy https://t.co/jrDL5DmcqD
Seems the best spot for Gearbox to land given everything and existing relationships. The Embracer roller coaster continues...
Game franchises under Take-Two Interactive now: ▪️ Grand Theft Auto ▪️ Red Dead Redemption ▪️ NBA 2K ▪️ WWE 2K ▪️ Borderlands ▪️ Tiny Tina's Wonderlands https://t.co/QhhHj2MOHv
Take-Two acquires Gearbox from Embracer https://t.co/M87uwTzlYu
Embracer Group Divests Gearbox Entertainment For A Consideration Of USD 460 Million To Take-two Interactive Software, Inc. Take-Two will get Borderlands and Tiny Tina’s Wonderlands franchises, as well as Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem Embracer retains… https://t.co/LRcqPICA5s
Embracer has sold Gearbox to Take-Two Interactive for $460M Game franchises included in sale: ▪️ Borderlands ▪️ Tiny Tina's Wonderlands ▪️ Risk of Rain ▪️ Duke Nukem ▪️ Brother in Arms https://t.co/If5QsrgG6H
Embracer has sold Gearbox to Take-Two Interactive for $460M Game franchises include ▪️ Borderlands ▪️ Tiny Tina's Wonderlands ▪️ & more https://t.co/X2NE0HjCQ9
BREAKING: "Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc."
Take-Two Interactive just purchased Gearbox Entertainment from Embracer Group for $460M.
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