Take-Two acquires Borderlands developer Gearbox Entertainment from the Embracer Group for $460M in stock; the deal is expected to close by the end of June 2024
A new Homeworld game is also in development. — Embracer Group has officially divested Gearbox Entertainment …
IGN Rebekah Valentine
Related Coverage
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Discussion
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Gameranx
Ryan Parreno
on x
Take-Two Confirms Gearbox Is Making Borderlands 4 - And Five More Games
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@gearboxofficial
@gearboxofficial
on x
We're incredibly proud to announce we're joining the Take-Two Interactive/@2K family. [image]
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@embracergroup
@embracergroup
on x
Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc. Join us live online for the webcast: 📅 Thursday, March 28 🕘 09:00 CET 📺 https://ir.financialhearings.com/ ... https://embracer.com/...
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@joltzdude139
@joltzdude139
on x
Happy noises
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@kerrblimey
Chris Kerr
on x
It will be retaining: -Gearbox Publishing San Francisco, including the publishing rights to the Remnant franchise, Hyper Light Breaker and other unannounced titles -Cryptic Studios, including Neverwinter Online and Star Trek Online -Lost Boys Interactive -Captured Dimensions
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@kerrblimey
Chris Kerr
on x
BREAKING: Embracer just sold key Gearbox Entertainment assets to Take-Two Interactive for $460 million. The divested assets include: -Gearbox Software -Gearbox Montréal -Gearbox Studio Quebec -Franchises including Borderlands, Tiny Tina's Wonderlands, Risk of Rain, and more [imag…
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@imranzomg
Imran Khan
on x
Embracer bought them for nearly a billy and a half. Amazing.
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@shannon_liao
Shannon Liao
on x
Take-Two just bought Borderlands Developer Gearbox for $460 million, in a deal expected to close next year. Take-Two says it won't comment beyond a press release.
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@stephentotilo
Stephen Totilo
on x
BREAKING: “Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc.”
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@dippizuka
Alex Walker
on x
how to become a millionaire 👉start as a billionaire 🛫buy gearbox for $1.3 billion 🚀sell it at an ~$840 million loss two years later
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@stephentotilo
Stephen Totilo
on x
Re: Embracer paying $1.3b for Gearbox vs selling it for $460m Not quite In 2021, Embracer paid $363m for G., half in E's stock. $1b more tied to targets over 6 years Embracer now sells G. for $460m, T2 pays in new stock. Embracer, post fees/stock sales, expects $300-330m cash
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@grummz
@grummz
on x
Embracer continues to dump assets. This price is lower than I expected for Gearbox.
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@floppyadult
John E Warren
on x
Buy high sell low!!!! Masters of the craft!
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@ccrypto5
@ccrypto5
on x
We got the good ending gang
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@stephentotilo
Stephen Totilo
on x
While Embracer's purchase of Gearbox was widely reported as a $1 billion deal, it was never that simple. Lots of strings attached, as you can see in the release at the time https://embracer.com/... [image]
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@timleftwich
Tim Leftwich
on x
Yeah, a 2am post on a Wednesday really projects pride. 🙄
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@expayline
@expayline
on x
Money is completely fake because how do you erase 1 billion in value in the time since you bought Gearbox
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@deantak
Dean Takahashi
on x
It's called escape from Embracer. $460 million price paid in 2024; $1.3 billion in 2021. Take-Two to acquire Gearbox from Embracer https://venturebeat.com/... via @VentureBeat
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@slomobackslap
@slomobackslap
on x
Figured this would be the case for a while. Take Two had a big interest in making sure Gearbox is stable considering they have indefinite publishing rights to Borderlands IP.
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@gothalion
@gothalion
on x
I suppose this is likely one of the cleanest outcomes for Gearbox as they have a long history with Take2. Here's hoping everyone can retain their positions and they can focus in on making games
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@2k
@2k
on x
Welcome to the family ‼️ @GearboxOfficial
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@wario64
@wario64
on x
Embracer Group Divests Gearbox Entertainment For A Consideration Of USD 460 Million To Take-two Interactive Software, Inc. Take-Two will get Borderlands and Tiny Tina's Wonderlands franchises, as well as Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem Embracer retains...…
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@stephentotilo
Stephen Totilo
on x
Take Two gets Borderlands, Tiny Tina's, Homeworld, and more. Embracer keeps Cryptic, Lost Boys Interactive and more. Listed below [image]
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r/gaming
r
on reddit
Take-Two Buys Gearbox From Embracer, Confirms Development on New Borderlands Game - IGN
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r/Games
r
on reddit
Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc.
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r/kindafunny
r
on reddit
Take-Two is acquiring Gearbox Software from Embracer for $460 million
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r/gaming
r
on reddit
Gearbox to leave Embracer, join Take2
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r/PS5
r
on reddit
Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc.
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r/homeworld
r
on reddit
Most of Gearbox (including Homeworld) sold to Take-Two Interactive.
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r/XboxSeriesX
r
on reddit
Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc.
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r/borderlands3
r
on reddit
Borderlands 4 is officially in active development