Take-Two will acquire the developer for a cool $460 million
Another company has escaped the gaping, acquisition-hungry maw that is publisher Embracer Group, as Borderlands developer Gearbox Software has been sold to Take-Two Interactive. This lines up with Kotaku’s previous reporting on the matter in February, in which sources told us Gearbox was nearing a sale. Embracer is selling the company at a significant loss after buying Gearbox for $1.3 billion in 2021, with Take-Two only paying $460 million to bring the Texas-based company into the fold.
Embracer is also keeping Cryptic Studios, which develops Neverwinter Online and Star Trek Online, Lost Boys Interactive, which recently did support work on Tiny Tina’s Wonderlands, and 3D modeling company Captured Dimensions. The deal says all of these companies are “expected to contribute with a positive cash flow going forward.
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