Posted 3/28/2024, 3:40:00 AM
Take-Two to Acquire Borderlands Developer Gearbox for $460M, Expanding 2K Games Portfolio
- Take-Two to acquire Gearbox Entertainment, developer of Borderlands franchise, for $460 million in stock
- Acquisition to deepen relationship between Take-Two and Gearbox and provide financial benefits
- Take-Two acquires Gearbox's IP portfolio including Borderlands, Tiny Tina's Wonderlands, Homeworld, etc.
- Gearbox has 6 key interactive projects in development, including 2 Borderlands and Homeworld sequels
- Gearbox to operate as a studio within 2K, led by founder Randy Pitchford and current management team