Borderlands Developer Gearbox Acquired by Take-Two Interactive

Borderlands developer Gearbox Entertainment has been acquired by none apart from Take-Two Interactive in a $460 million deal. The businesses have loved a long-standing relationship predating Gearbox’s acquisition by Embracer Group, with Take-Two’s 2K label publishing the Borderlands collection.

Take-Two needs to ‘deepen its successful relationship’ with Borderlands dev Gearbox

In a press launch that comes six months after Gearbox’s sale was first rumored, Take-Two stated that it hopes the transaction will “deepen its successful relationship” with Gearbox. With this sale, Take-Two now formally owns the next IPs: Borderlands, Tiny Tina’s Wonderlands, Homeworld, Danger of Rain, Brothers in Arms, and Duke Nukem.

The press launch confirmed that Gearbox has six “key interactive entertainment projects” in growth, one in every of which is a brand new IP and the opposite two are from Borderlands and Homeworld franchises.

“Our acquisition of Gearbox is an exciting moment for Take-Two and will strengthen our industry-leading creative talent and portfolio of owned intellectual property, including the iconic Borderlands franchise,” stated Take-Two CEO Strauss Zelnick. “Joining forces with Take-Two Interactive and 2K will help Gearbox ascend to our next level,” added Gearbox boss Randy Pitchford.

Embracer Group has additionally bought Star Wars: The Knights of the Old Republic dev Saber Interactive amidst monetary turmoil.

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