In a surprise announcement, Gearbox Entertainment founder Randy Pitchford confirms the Borderlands company’s departure from Embracer Group.
This article covers a developing story. Continue to check back with us as we will be adding more information as it becomes available.
Gearbox Entertainment, the company behind the fan-favorite series Borderlands, confirms that it has been acquired by Take-Two Interactive/2K. While this is not necessarily surprising, as rumors have swirled around Borderlands and Gearbox’s status within Embracer Group for some time, it does come in the middle of the night, almost literally, for many fans around the world.
The announcement was straightforward: an image posted on Gearbox socials. Founder Randy Pitchford shared as much, commenting that Take-Two Interactive and 2K will help take the company to the next level. Of course, what that means remains to be seen, but it could very well mean something great for Borderlands‘ future. No matter what, it’s an exciting move within the industry for fans of Gearbox and 2K.
Although exact details will likely come to light in the coming days, it’s worth noting that this exchange between Take-Two and Embracer was made in the amount of 460 million USD, according to Market Screener. Embracer, in this deal, retains certain IPs and companies, including Gearbox Publishing San Francisco, which shall be renamed. It also retains publishing rights to the Remnant franchise, Hyper Light Breaker, and more. Further details, such as what was sold exactly and what was retained, are below.
Gearbox x Take-Two Acquisition Details
- Take-Two acquires the following:
- Gearbox Software in Frisco, Texas
- Gearbox Montreal
- Gearbox Studio Quebec
- IPs: Borderlands, Tiny Tina’s Wonderlands, Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem
- Embracer Group retains the following:
- Gearbox Publishing San Francisco
- Cryptic Studios
- Lost Boys Interactive
- Captured Dimensions
