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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

Discussion

  • Gameranx Ryan Parreno on x
    Take-Two Confirms Gearbox Is Making Borderlands 4 - And Five More Games
  • @gearboxofficial @gearboxofficial on x
    We're incredibly proud to announce we're joining the Take-Two Interactive/@2K family. [image]
  • @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/...
  • @joltzdude139 @joltzdude139 on x
    Happy noises
  • @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
  • @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…
  • @imranzomg Imran Khan on x
    Embracer bought them for nearly a billy and a half. Amazing.
  • @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.
  • @stephentotilo Stephen Totilo on x
    BREAKING: “Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc.”
  • @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
  • @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
  • @grummz @grummz on x
    Embracer continues to dump assets. This price is lower than I expected for Gearbox.
  • @floppyadult John E Warren on x
    Buy high sell low!!!! Masters of the craft!
  • @ccrypto5 @ccrypto5 on x
    We got the good ending gang
  • @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]
  • @timleftwich Tim Leftwich on x
    Yeah, a 2am post on a Wednesday really projects pride. 🙄
  • @expayline @expayline on x
    Money is completely fake because how do you erase 1 billion in value in the time since you bought Gearbox
  • @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
  • @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.
  • @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
  • @2k @2k on x
    Welcome to the family ‼️ @GearboxOfficial
  • @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...…
  • @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]
  • r/gaming r on reddit
    Take-Two Buys Gearbox From Embracer, Confirms Development on New Borderlands Game - IGN
  • r/Games r on reddit
    Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc.
  • r/kindafunny r on reddit
    Take-Two is acquiring Gearbox Software from Embracer for $460 million
  • r/gaming r on reddit
    Gearbox to leave Embracer, join Take2
  • r/PS5 r on reddit
    Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc.
  • r/homeworld r on reddit
    Most of Gearbox (including Homeworld) sold to Take-Two Interactive.
  • r/XboxSeriesX r on reddit
    Embracer Group divests Gearbox Entertainment for a consideration of USD 460 million to Take-Two Interactive Software, Inc.
  • r/borderlands3 r on reddit
    Borderlands 4 is officially in active development