Take-Two Interactive Software to acquire Gearbox from Embracer Group for $460m.

Take-Two Interactive Software, an American video game holding company, agreed to acquire Gearbox, an American video game development company, from Embracer Group, a video game and media company, for $460m. “Our acquisition of Gearbox is an exciting moment for Take-Two and will strengthen our industry-leading creative talent and portfolio of owned intellectual property, including the iconic Borderlands franchise. This combination enhances the financial profile of our existing projects with Gearbox and unlocks the opportunity for us to drive increased long-term growth by leveraging the full resources of Take-Two across all of Gearbox’s exciting initiatives,” Strauss Zelnick, Take-Two Chairman and CEO.