In a turn of events that has hardly shocked anyone, Gearbox Entertainment has been acquired by Take-Two Interactive and will join the 2K Games family. Now you must be wondering why this is a no-brainer. Well, Embracer Group, infamous for buying many studios over the past few years, planned to sell Gearbox. Given 2K Games' long history with Gearbox Entertainment through the Borderlands franchise, it was almost a no-brainer that Take-Two would buy the company.
Take-Two Buys Gearbox Software, Confirms New Borderlands Game – IGN Daily Fix
Announced this morning through an official X post by Gearbox Entertainment and an Embracer Group report, the company confirmed that they are joining the 2K Games family. Randy Pitchford, the studio founder, shared the main points of the studio joining 2K games. We are incredibly proud to announce that we are joining the Take-Two Interactive/@2K family. pic.twitter.com/ot1gJK4TUp — GearboxOfficial (@GearboxOfficial) March 28, 2024
We are incredibly proud to announce that we are joining the Take-Two Interactive/@2K family. pic.twitter.com/ot1gJK4TUp — GearboxOfficial (@GearboxOfficial) March 28, 2024
Furthermore, he expressed his enthusiasm about the development. According to the Take-Two Interactive report, they paid $460 million to buy the company. That's cheaper than what Embracer Group paid in 2021, which was $1.3 billion. This acquisition should be completed by June 30, 2024 at the latest.
