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Take-Two Interactive Acquires Gearbox Entertainment from Embracer

Kushal Bhattacharya  |   Mar 28, 9:36 AM   |   6 min read

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Highlights

  • In a post made by Gearbox's official X handle, the studio has announced that they are being acquired by Take-Two Interactive Software, Inc. and 2K.

  • This acquisition is huge news for the gaming scene, as the studio has released various ground-breaking titles before.

  • As Embracer has been lately shutting down a lot of studios under its wing, including Volition, many were concerned about the future of companies like Gearbox and Eidos, as the latter has also seen layoffs and a canceled Deus Ex title.

In a post made by Gearbox's official X handle, the studio has announced that they are being acquired by Take-Two Interactive Software, Inc. and 2K. The studio has mentioned that the acquisition will ascend Gearbox to the 'next level', as Take-Two and 2K have always shown their commitment to Gearbox's creativity, happiness, and profit. The post also mentioned that they have set the bar for 'interactive entertainment' and have achieved outstanding results with popular titles in the industry, and worked together as partners with Take-Two before. 

 

This acquisition is huge news for the gaming scene, as the studio has released various ground-breaking titles before. With the resources of Take-Two and 2K combined, it is yet to see what Gearbox does next.

 

Also Read: GTA 6 Publisher Says Video Games Should Be Priced Per Hour

 

Gearbox Acquired by Take-Two Interactive and 2K Right Ahead of 2024 Q2

 

Take-Two Interactive Software, Inc. is one of the largest interactive entertainment companies in the world, with it also governing gaming giants like Rockstar Games. In recent news, they have acquired Gearbox Entertainment Company from the Embracer Group, who are behind some remarkable titles in the industry, namely the Borderlands and Duke Nukem series. 

 

As Embracer has been lately shutting down a lot of studios under its wing, including Volition, many were concerned about the future of companies like Gearbox and Eidos, as the latter has also seen layoffs and a canceled Deus Ex title. However, Gearbox Entertainment is ready to begin a new chapter with Take-Two and 2K after being acquired. 

 

The recent acquisition consists of freshly issued shares for Take-Two common stock in the market. According to Businesswires's report on the matter, the number of Take-Two shares will be calculated by dividing the purchase price by the average closing price per share on the market.  Take-Two Interactive Software, Inc. will acquire Gearbox from Embracer for $460 million, according to the reports. The deal will see its completion through the three offices based in the United States and Canada by June 2024.

 

What Can Gamers Expect from the Recent Gearbox Acquisition?

 

Gearbox's success with the Borderlands games has always kept the fans happy for a long time. While the recent Tiny Tina's Adventures was released to a mixed audience score, Gearbox is already working on the next Borderlands game alongside Take-Two. Both the companies were responsible for the past games in the series; however, for the next entry in the franchise, Gearbox will directly operate within Take-Two's 2K label. 

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Kushal is a Gaming and Esports writer at Gossip.GG. Aside from pouring hours into his beloved soulsike and RPG games, he also enjoys competitive FPS titles such as Valorant, Rainbow Six Siege, and Cou...

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