Take-Two Interactive has that Development studio Gearbox Entertainmentwhich, among other things, is for the Borderlandsseries is known, bought up. The former parent company Embracer Group contains 460 million US dollars (around 426.3 million euros) in Take-Two shares.
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The deal includes rights to numerous franchises, with some publishing rights remaining with Sweden's Embracer Group. Take-Two announced at the same timethat new game projects are planned for the Borderlands and Homeworld franchises, among others.
Borderlands: Rights will belong to Take-Two in the future
“The Gearbox acquisition is an exciting moment for Take-Two, which will strengthen our industry-leading creativity and portfolio of IPs,” says Strauss Zelnick, CEO of Take-Two, which, among other things, is a publisher for GTA, BioShock or Max Payne has appeared. In the future, the publishing rights of Borderlands, Homeworld, Risk of Rain or Duke Nukem have. Gearbox will operate as a development studio at Take-Two subsidiary 2K and will continue to be led by founder Randy Pitchford.
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Meanwhile, the Gearbox Publishing San Francicso studio will remain under the Embracer umbrella, but will be renamed. This means that the group retains the rights Remnantthe coming one Hyper Light Breaker as well as an as yet unannounced project. “Today’s announcement is the result of a final restructuring and an important step for Embracer to a future with lower net debt,” says Embracers CEO Lars Wingefors. The transaction is intended to reduce business risk and improve profitability. “We are confident that Gearbox will continue to be innovative and successful in the future.” It was already announced around a month ago that Gearbox break away from the Swedish company want.
Gearbox has it currently six projects in the pipelineincluding a sequel in the Borderlands series as well Homeworld 3 and an “exciting” new franchise. Gearbox and Take-Two have worked together on the release of Borderlands in the past, as well as the one coming out this summer cinema film from the universe. Meanwhile, Embracer Group continues to downsize after laying off 900 employees in November last year Saints Row studio Volition was closed.