Borderlands developer Gearbox Software sells to Take-Two Interactive for a whole lot of money
Gearbox Software has been sold, again, with Take-Two Interactive picking up the Borderlands developer and confirming rumors that have been circulating over the last six months.
Take-Two announced the news today, with the giant acquisition now expected to be completely wrapped by the end of June. This deal doesn’t include everything Gearbox has touched—just the core aspects of its business—so it will exclude “certain third-party publishing and other assets.” The acquisition cost Take-Two $460 million, which may seem like a lot, however, it was initially bought by Embrace Group in 2021 as part of a larger deal valued at around $363 million with additional considerations of over $1 billion if the studio met targets.
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