Exciting news for fans of the beloved Borderlands series: Gearbox Entertainment, the powerhouse behind the franchise, has officially been acquired by Take-Two Interactive/2K. While rumors had been swirling about Gearbox’s future within Embracer Group for some time, the confirmation of this acquisition still came as a surprise to many fans around the world.

The announcement came via a simple image posted on Gearbox’s social media channels. Founder Randy Pitchford shared the news, expressing his confidence that Take-Two Interactive and 2K will propel the company to new heights. While the exact implications of this acquisition are yet to be fully revealed, one thing is certain: the next installment of the Borderlands franchise is already in active development, as confirmed by Take-Two’s statement on the matter.

According to Take-Two/2K, the acquisition is expected to be finalized by June 30, 2024. In their statement, they express their excitement about welcoming Randy Pitchford and his team to the 2K family and emphasize their commitment to continuing the Borderlands legacy. The deal, valued at a staggering 460 million USD, marks a significant milestone for both companies.

As part of the deal, Embracer will retain certain IPs and companies, including Gearbox Publishing San Francisco, which will undergo a rebranding. Additionally, Embracer will maintain publishing rights to franchises like Remnant and Hyper Light Breaker. Further details about the specifics of the deal are available via Market Screener.

Gearbox x Take-Two Acquisition Details

• Take-Two acquires the following:
  • • Gearbox Software in Frisco, Texas
    • Gearbox Montreal
    • Gearbox Studio Quebec
    • IPs: Borderlands, Tiny Tina’s Wonderlands, Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem

• Embracer Group retains the following:
  • Gearbox Publishing San Francisco
  • Cryptic Studios
  • Lost Boys Interactive
  • Captured Dimensions

This acquisition is just the latest in Embracer’s ongoing reorganization efforts following its series of acquisitions in recent years. While Gearbox is the newest addition to their portfolio, Embracer has previously restructured other entities, including Saber Interactive, and made strategic decisions regarding project development. Despite the changes, the future of the Borderlands universe looks brighter than ever, and fans can anticipate even more exciting adventures on the horizon.