Take-Two’s Potential Interest in Acquiring Gearbox Entertainment
Take-Two has refused to be drawn on whether it would be interested in acquiring Gearbox Entertainment following reports that the Borderlands studio is potentially up for sale.
Reuters and Bloomberg claimed this month that Embracer Group was considering selling Gearbox, which It acquired in 2021 in a deal worth up to $1.4 billion, as part of major restructuring plans.
The former was told that Embracer had received interest from third parties keen on buying the studio. Potential buyers, who reportedly mainly consist of “international gaming groups”, already have access to Gearbox marketing materials, it’s claimed.
Take-Two’s CEO Strauss Zelnick, addressed the question regarding the company’s interest in acquiring Gearbox during its AGM on Thursday. Zelnick emphasized the long-standing relationship between Take-Two and Gearbox, citing their successful collaboration on the Borderlands franchise and other titles.
While Take-Two expressed pride in its publishing relationship with Gearbox, Zelnick refrained from speculating on potential transactions and did not confirm or deny any interest in acquiring the studio.
Take-Two previously announced that the Borderlands franchise has sold over 81 million units since its launch in 2009. The latest installment, Borderlands 3, published by 2K, has sold over 18 million copies and holds the title of 2K’s fastest-selling game.
Borderlands 2, released in 2012, remains 2K’s top-selling game to date, with over 27 million copies sold.