Take-Two Completes Acquisition of Gearbox from Embracer in $460 Million Deal
In a significant move, Take-Two has agreed to purchase Gearbox, the renowned developer of the Borderlands series, from Embracer for $460 million. The acquisition, expected to be finalized by June, will see Gearbox operate under Take-Two's 2K label, with Randy Pitchford remaining at the helm. As a result, Take-Two will not only gain full ownership of the Borderlands franchise but also acquire the …
March 28, 2024, 4:29 a.m.