Embracer sold Gearbox, Take-Two became the new owner

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Long term intended sale Gearbox Entertainment this is reality. Borderlands creators are moving from Sweden Hugger in your hands Take-Two Interactive, with whom, through 2K Games, they have been cooperating for many years in publishing their games. The store will be published by Take-Two on $460 million.

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In addition to Gearbox, brands are also participating in the sale. Borderland, Tiny Tina’s Wonderland, Homeworld, Risk of rain, Brothers in Arms And Duke Nukem. Embracer, on the other hand, will retain the US portion of the Gearbox Publishing division along with the brands. Remainder or Hyperlight switch. The team formerly known as Perfect World will be renamed. The purchase also does not apply to Cryptic, Lost Boys and Captured Dimensions studios.

“I am confident that this transaction is the best possible scenario and a clear positive decision for Embracer Group, Take-Two and, of course, Gearbox Entertainment. I always put Gearbox first, including our talented creators and customers. I want to personally assure fans of our games that this deal will ensure that the games we develop at Gearbox are as good as they can be.” Gearbox boss says Randy Pitchford.

The deal is expected to close around June and will help Embracer significantly reduce the debt it has been struggling with. This is the second sale of a large division recently; it was bought out of the holding company in mid-March. Saber Interactive.

Source :Indian TV

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