Swedish gaming conglomerate Embracer Group has entered an settlement to promote Gearbox Interactive to Rockstar mum or dad firm Take-Two for $460 million. In a press release published on Thursday, Embracer introduced that Take-Two will purchase full possession over the Borderlands (together with Tiny Tina’s Wonderlands), Homeworld, Threat of Rain, Brothers in Arms, and Duke Nukem franchises within the deal, which is predicted to be finalized by June 2024.
Take-Two Leisure may also purchase the Gearbox studios primarily based in Quebec, Montréal, and Frisco, Texas. Embracer will, nonetheless, retain a number of Gearbox belongings, together with Gearbox Publishing San Francisco (which shall be renamed), Cryptic Studios, Misplaced Boys Interactive, the Remnant franchise, Hyper Mild Breaker, and “different notable unannounced recreation releases.”
The acquired belongings — which according to Take-Two embody two Borderlands titles, two Homeworld titles, and “at the least one thrilling new mental property” already in growth — will proceed being led by Gearbox CEO Randy Pitchford beneath Take-Two’s 2K division.
“We’re thrilled to welcome Randy Pitchford and his staff of passionate, gifted builders to 2K and we look ahead to releasing quite a few initiatives sooner or later as colleagues,” stated 2K president David Ismailer. “Now we have cherished partnering with Gearbox on each iteration of the Borderlands franchise and are excited to be in energetic growth on the subsequent installment within the sequence.”