Take-Two Interactive is embarking on another cost cutting program, and this one will see the company layoff about 5% of its employees by the end of the year.
28.03.2024 - 19:29 / gamesindustry.biz
Hazelight Studios' It Takes Two has sold over 16 million units
Take-Two Interactive is embarking on another cost cutting program, and this one will see the company layoff about 5% of its employees by the end of the year.
2021 was a strange year for games. Amid the pandemic, major titles were few and far between, and instead, indie games reigned supreme. No game saw more fervor and applause than It Takes Two from Hazelight Studios, an exclusively co-op action-adventure game that has managed to sell 16 million copies as of March 2024.
Hazelight has teased that its next game may be announced later this year.
Hazelight Studios – the development team behind acclaimed co-op games It Takes Two and A Way Out – is seemingly gearing up to announce its next game sometime later this year. In commemoration of its upcoming 10th anniversary in November, Hazelight Studios briefly touched on its next game in a post on Twitter, writing, “We’ve got new (real good) stuff cooking that we’ll talk more about later this year.”
Lo-FI Games' free-roaming RPG Kenshi has sold over 2.3 million copies on steam
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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.
It was recently announced that Embracer Group is selling Gearbox Entertainment to Take-Two Interactive for $460 million, but though the Borderlands developer is escaping the grasp of a company that has been in love with layoffs this past year, it’s still been hit with a fresh round of layoffs nonetheless.
Alongside announcing plans to buy Borderlands developers Gearbox from the collapsing wreckage of Embracer Group, Borderlands publishers Take-Two overnight casually mentioned that they are "in active development on next installment in Borderlands series". This isn't a formal announcement as much as a businessblast to hype shareholders, so it didn't have anything specific to say about what Gearbox are up to with their wildly popular and deeply unfunny looter shooter series. It had seemed curious that the much-delayed Borderlands movie was coming out five years after the latest main series game and with no new one in sight.
Take-Two is acquiring Gearbox Interactive from Embracer Group for a cool $460m.
We knew Gearbox Software was about to be sold by Embracer, and today, Take-Two announced it had reached an agreement to purchase the 25-year-old Texan developer for $460 million.