Embracer has entered an agreement to sell Gearbox Interactive to Take-Two for $460m.
Embracer has entered an agreement to sell Gearbox Interactive to Take-Two for $460m.
When this transaction is complete, Take-Two will acquire the Borderlands and Tiny Tina’s Wonderlands franchises, as well as Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem. Closing is expected to be finalised in Q1 FY 24/25, ending June 2024.
Following this, Embracer will still retain a number of assets such as Lost Boys, which Gearbox acquired in 2022.
The divested assets from this sale include:
Gearbox Software (Frisco, Texas)
Gearbox Montréal
Gearbox Studio Quebec
Borderlands and Tiny Tina’s Wonderlands franchises, as well as Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem
«Joining forces with Take-Two Interactive/2K will help Gearbox ascend to our next level,» Gearbox founder Randy Pitchford said today.
