Borderlands Developer Gearbox Acquired by New Company

Expanding its artificial intelligence (AI) push, Microsoft has announced that it will be investing $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. giant a minority stake and a board seat, allowing the two to deepen ties amid the global battle for tech dominance. AI has become the buzzword of the last few years, with companies around the world competing to leverage this technology.

It’s been revealed that the popular and intense Teenage Mutant Ninja Turtles story is being turned into an live-action, R-rated movie.

Apple News is testing a new game for iOS 17.5 called Quartiles, which requires players to organize a grid of 20 syllables into 5 four-syllable words. Spotted by Gadget Hacks, the interface for Quartiles looks a lot like the New York Times’ newest hit, Connections. Did Apple News sherlock the New York Times?

Despite seemingly escaping the Embrace(r) of death through their sale to Take-Two at the end of last month, Gearbox Entertainment haven’t quite emerged unscathed. The studio has confirmed a number of layoffs shortly after the announcement of the sale, while clarifying that no positions related to the development of games were affected.

Embracer CEO Lars Wingefors has acknowledged it's «way too early» for the company to «start talking about» acquiring new studios.

Take-Two has announced plans to acquire Gearbox Entertainment from the embattled Embracer Group, in a deal reported to be worth $460 million. The buyout makes logical sense, as Gearbox Entertainment will operate under the framework of 2K Games, which has long been the publisher of the popular Borderlands series. It’ll be led by founder Randy Pitchford.

Following the sales of Saber Interactive (to a new company founded by Saber CEO Matthew Karch) and Gearbox Software (to Take-Two), the Embracer Group held an investors call to confirm the end of its dreaded restructuring program.

Embracer Group finally confirmed that it is selling Borderlands studio Gearbox Entertainment to Take-Two Interactive, but there’s a catch: Embracer Group will retain ownership of Gearbox Publishing.

More major changes are afoot on the business side of the video game world, as a notable name is changing hands once again. Take-Two Interactive (the parent company of Grand Theft Auto publisher Rockstar and others) has agreed to buy Gearbox Entertainment from the embattled Embracer Group. The deal is worth $460 million in stock and is expected to close by June 30. It had been rumored for several months that Embracer was planning to sell off Gearbox.

Embracer have announced that they're selling Borderlands developers Gearbox Entertainment to Take-Two Interactive, owners of 2K Games and GTA 6 developers Rockstar, for $460 million in Take-Two shares. Three Gearbox Software studios - the flagship studio in Texas, together with Gearbox Montréal and Gearbox Quebec - will change hands as part of the deal. Take-Two will also acquire the Borderlands and Tiny Tina's Wonderlands franchises, together with Homeworld, Risk of Rain, Brothers in Arms and Duke Nukem.

Troubled gaming conglomerate Embracer announced Thursday that it has agreed to sell Gearbox Entertainment, the studio behind the Borderlands games, to Grand Theft Auto publisher Take-Two for $460 million.

Embracer Group has sold Borderlands developer Gearbox for $460 million USD, after acquiring the developer for roughly $1.3 billion just over three years ago.