Embracer Group’s Gearbox Acquisition by Take-Two
Embracer Group's Gearbox Acquisition by Take-Two
Take-Two Interactive now owns Gearbox Software. Surprisingly, the gaming industry was prepared for it. But the gamers worldwide came to know about it around midnight, literally. Gearbox is the development studio for the action fantasy game series, Borderlands. This acquisition was made official by social media handlers by the ex-owner, Embracer Group. The insights about the Gearbox acquisition are exciting for the fans of Borderlands as they are updates regarding the expansion are included in the press release.
Gearbox Acquisition Insights
It wasn’t a surprise for gamers and tech enthusiasts. There were rumors that the financial reputation of Gearbox wasn’t profitable for the Embracer Group. This rumor turned out to be true. Because Embracer Group sold Gearbox for $460 million to Take-Two. Whereas, Embracer Group acquired the Gearbox for $1.3 billion in 2021. It is not even half of the acquisition money.
The acquisition announcement was open and shut. Founder of Gearbox Software, Randy Pitchford shares an image with the news of joining the Take-Two/2K family. He stated that Take-Two will ascend Gearbox to the next level. Looking forward to its success. Take-Two Interactive shared a press statement including the details of the deal made.
As per the statement, the acquisition will be completed by 30th June 2024. The statement includes the very message of the continuation of the active projects. This includes the next expansion of Borderlands which is currently under development. If you are a Borderland fan, then there’s good news for you.
Gearbox x Take-Two Deal Details
According to Market Screener, here are the divested(sold) and retained(owned) assets of Embracer Group and Take-Two Interactive. Here are the assets declaraction.
| Companies | Acquired Assets |
| Embracer Group | – Two Studios (Cryptic Studios, Lost Boys Interactive) – Gearbox Publishing San Francisco – Captured Dimensions |
| Take-Two Interactive | – Gearbox Software Premsies (Frisco, Texas) – Gearbox Montréal – Gearbox Studio Quebec – IPs of Games(Borderlands, Tiny Tina’s Wonderlands, Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem) |
Gearbox acquisition isn’t new for the fanbase. It was purchased previously by Embracer Group and is now, sold to Take-Two. So, let’s hope for the fate of Gearbox to change in a better direction. The gaming community is looking forward to the improvements the new management will add. Hopefully, it will be as good as the Blizzard acquisition by Microsoft. So to stay updated with tech news, make sure to check out News archives.
