Gearbox Software Leaves Embracer, Joins Take-Two

Gearbox Entertainment, the large umbrella which developer Gearbox Software resides, is no longer part of the Embracer Group.

Embracer has announced that it has sold the Gearbox to Take-Two Interactive, parent company of various publishing labels including 2K. Gearbox will be operating under the 2K publishing label.

The deal is worth $460 million USD.

Not all assets from Gearbox are transferred over to Take-Two. Embracer retains Gearbox Publishing San Francisco, as well as retaining rights to publish the Remnant series, Hyper Light Breaker and other unannounced games. Gearbox Publishing will be renamed.

Cryptic Studios, Lost Boys Interactive and Captured Dimensions, all previously placed under Gearbox during their time with Embracer, will remain with Embracer.

Gearbox Software’s three studios (in Frisco, Texas, Montreal and Quebec), plus the rights for Borderlands, Tiny Tina’s Wonderlands, Homeworld, Risk Of Rain, Brothers In Arms and Duke Nukem are now under Take-Two.

Gearbox has cultivated a strong relationship with Take-Two via the long-running Borderlands franchise, published under 2K. So seeing Take-Two swooping in for taking this deal is a no-brainer.

The press release from Take-Two confirms that there are six different “interactive entertainment projects” currently in the works. Two of which comes from the Borderlands and Homeworld franchises (presumably a new unannounced Borderlands game and Homeworld 3). And one other project is a new IP.

Embracer Group is not doing particularly well right now. The group has been making layoffs and selling off chunks of its many acquired companies and assets as of late. More recently, Embracer has also sold off Saber Interactive.

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