After several rumors and much speculation in this regard, Embracer Group confirmed the sale of Gearbox Entertainment, the company responsible for Borderlands and more franchises. As reports had stated, Take-Two was the one who took out the wallet and paid $460 million for the studio and its most notable IPs.
Through a statement, the companies revealed the terms of their agreement, as the assets of Gearbox Entertainment will be divided. Take-Two took advantage of the announcement to confirm that they are now the new owners of Borderlands and that they are already working on the next installment of the saga.
Find out: Borderlands will have a cinematic universe that will expand its lore
Gearbox and Borderlands are now from Take-Two
Embracer Group vendió Gearbox a Take-Two
The situation for Embracer Group has not completely improved after a million-dollar deal fell apart. This led to restructuring, layoffs, studio closures, project cancellations, and the sale of talented development teams.
Embracer Group acquired Gearbox for $1,300 million in 2021 and will now sell it for $460 million to Take-Two. The acquisition is expected to be completed sometime in June of this year. As we mentioned, Gearbox's assets will be divided between the 2 companies.
According to the details, Take-Two will have control of Gearbox Software, Gearbox Montréal and Gearbox Studio Quebec. In addition, franchises such as Borderlands, Tiny Tina's Wonderlands, Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem will pass into your hands.
For its part, Embracer Group will retain Cryptic Studios, Lost Boys Interactive, Captured Dimensions and Gearbox Publishing San Francisco, which will change its name before its closure. On the other hand, it was confirmed that Gearbox will continue to operate under the leadership of Randy Pitchford.
“Our acquisition of Gearbox is an exciting time for Take-Two and will strengthen our industry-leading creative talent and our proprietary intellectual property portfolio, including the iconic Borderlands franchise,” said Strauss Zelnick, president and CEO of Take-Two.
Borderlands 4 is a reality and is already on the way
David Ismailer, President of 2K, welcomed Gearbox and celebrated the more than 2 decades they have worked together. To everyone's surprise, the manager spoke about the future of Borderlands and confirmed that the next installment of the series is already in development and on the way. For now, he did not share more details about it, so it is not known when it will be ready.
“We are thrilled to welcome Randy Pitchford and his team of passionate and talented developers to 2K and look forward to launching numerous projects in the future as colleagues. “We have loved partnering with Gearbox on every iteration of the Borderlands franchise and are excited to be in active development on the next installment in the series,” Ismailer revealed.
A new Borderlands is already in development
In case you missed it: The live-action Borderlands movie shows off in a new trailer and reaffirms its release date
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