Everyone’s favourite publisher without a plan, Embracer, have entered into an agreement to divest Borderlands developer Gearbox Entertainment over to Take-Two for $460 Million.
Once everything is signed, sealed, and delivered, Take-Two will be the proud owners of both the Borderlands and Tiny Tina’s Wonderlands IPs, in addition to older franchises like Duke Nukem and Brothers in Arms. The full list of divested assets, as per the press release are:
- Gearbox Software (Frisco, Texas)
- Gearbox Montréal
- Gearbox Studio Quebec
- Borderlands and Tiny Tina’s Wonderlands franchises, as well as Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem
Embracer isn’t selling everything though, and are holding onto a few bits and pieces:
- Gearbox Publishing San Francisco (to be renamed prior to closing, formerly named Perfect World Entertainment), including the publishing rights to the Remnant franchise, the upcoming Hyper Light Breaker and other notable unannounced game releases
- Cryptic Studios, including MMO titles Neverwinter Online and Star Trek Online.
- Lost Boys Interactive
- Captured Dimensions
Gearbox Entertainment founder Randy Pitchford seem happy enough, posting from the official Gearbox X (formerly Twitter) account with the following statement:
Joining forces with Take-Two Interactive/2K will help Gearbox ascend to our next level. Take-Two and 2K have demonstrated repeatedly their commitment to our engine of generating creativity, happiness and profit. We set the bar for interactive entertainment and achieved remarkable results with record-setting games when we worked together at arm’s length as partners. I’m incredibly excited about what we can accomplish now that we’re fully aligned as one.
Randy Pitchford, Founder, Gearbox Entertainment
Are you pleased to see Gearbox escape Embracer’s clutches?
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Check out our review of Tiny Tina’s Wonderlands, right here.
