Randy Pitchford

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.

Gearbox co-founder and Borderlands creator Randy Pitchford revealed a new SHiFT code that gives players three free Skeleton Keys in multiple games, including Borderlands 3 and Tiny Tina's Wonderlands. Like previous SHiFT code drops, players have a limited window to redeem the code and claim their Skeleton Keys in Borderlands 3 and the other Borderlands entries that are still supported.

A recent study has underscored a groundbreaking achievement, showing that 4.5 million gamers worldwide have significantly advanced microbial evolutionary research by playing a minigame within Borderlands 3. In a collaborative effort between academic researchers, a gaming development company, and Borderlands 3 players, the tremendous potential of gaming and scientific endeavors has been demonstrated.

Gearbox Entertainment has announced an unspecified number of redundancies following its sale from Embracer last week.

Borderlands 4 may not have been formally unveiled yet, but there’s little doubt in anyone’s mind that a new instalment in the highly successful franchise is indeed in development at Gearbox Entertainment. That, incidentally, has now been confirmed by the studio’s new parent company.

2K has said that the next Borderlands game is in active development at Gearbox.

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.

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.

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.

Gearbox Entertainment has revealed that Borderlands 4 is in "active development," and is but one of several projects the developer plans to release with new owner Take-Two.

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.

US publishing giant Take-Two has acquired Gearbox Entertainment for $460 million, entirely in new stock. 

Embracer Group has announced that it has sold Borderlands developer Gearbox Entertainment to Take-Two Interactive.

Gearbox Entertainment, the company behind the fan-favorite series Borderlands, confirms that it has been acquired by Take-Two Interactive/2K. While this is not necessarily surprising, as rumors have swirled around Borderlands and Gearbox's status within Embracer Group for some time, it does come in the middle of the night, almost literally, for many fans around the world.

Embracer has entered an agreement to sell Gearbox Interactive to Take-Two for $460m.

After months of rumors, the Embracer Group has confirmed an agreement to sell parts of Gearbox Entertainment to Take-Two Interactive for $460 million. The divested assets include Gearbox Software, Gearbox Montreal, Gearbox Studio Quebec and franchises like Borderlands, Tiny Tina’s Wonderlands, Homeworld, Risk of Rain, Duke Nukem and Brothers in Arms.

Take-Two Interactive Software will acquire The Gearbox Entertainment Company from Embracer Group in a $460 million deal, the companies announced (2).

Take-Two will acquire developer Gearbox from Embracer for $460 million.

Embracer Group has officially divested Gearbox Entertainment, selling the division to Take-Two Interactive for $460 million.

Gearbox Entertainment, the company behind the fan-favorite series Borderlands, confirms that it has been acquired by Take-Two Interactive/2K. While this is not necessarily surprising, as rumors have swirled around Borderlands and Gearbox's status within Embracer Group for some time, it does come in the middle of the night, almost literally, for many fans around the world.

Borderlands maker Gearbox Entertainment is on the verge of joining Saber Interactive in being bought out of the sinking ship that is the Embracer Group, a new Kotaku report claims. It's stated that CEO Randy Pitchford shared the news with employees during a town hall meeting earlier this week, with more information coming in March. The site «understands that the decision was made to sell, and a deal is in the late stages of being finalized».

It's looking increasingly likely that Gearbox Entertainment is going to be sold by Embracer. In a town hall with staff earlier this week, CEO and co-founder Randy Pitchford reportedly told staff that a decision had been made regarding the studio's future, with more details to be shared in March.

A new rumor has emerged that Embracer is close to selling Gearbox Software.

Saber Interactive is reportedly splitting from the Embracer Group and going private in a $500 million deal, but Gearbox Entertainment allegedly isn’t too far behind. After Bloomberg’s Jason Schreier hinted at the same, Kotaku reported that the developer is also set to be sold, with the deal in the “late stages” of finalization.

Embracer Group gobbled up a lot of studios during its 2020-era spending spree, but perhaps the biggest acquisitions were Saber Interactive (World War Z, many, many ports) and Gearbox Software (Borderlands). It’s clear Embracer had big plans for Saber and Gearbox, as both were spun into entire company divisions with other smaller studios reporting to them, but those plans have changed – Embracer’s fortunes took a turn when a $2 billion investment from Saudi Arabia fell through and the company has been desperately cutting costs since. Apparently, this means two of their crown jewels have to go.

Following reports last year that Embracer Group was considering selling Borderlands studio Gearbox as part of its ongoing «comprehensive restructuring programme», it's now being claimed a sale to a third party is in the «late stages» of being finalised.

Gearbox Entertainment was one of the companies Embracer purchased during its massive buying spree that was followed by widespread layoffs and studio closures. As reported by Kotaku, the Borderlands maker is poised to be sold out, and more information will be shared next month.

Gearbox could be “closer than ever” to being sold off by its parent company Embracer Group, according to a new report.

Gearbox may be the next to escape Embracer Group as the massive company continues to hemorrhage staff and studios as part of a restructuring effort sparked by a $2 billion deal that fell through last year. 

An eagle-eyed Borderlands fan noticed a hidden detail in a promotional image for the franchise's new movie, which is a promo code that can be redeemed for five Golden Keys in most Borderlands games. Although this is a nice detail for attentive fans, some weren't so happy with the new Borderlands trailer.

As with all video game adaptations, there has been some heated discourse surrounding the Borderlands film. Directed by horror icon, Eli Roth, the film struggled through development before finally being slated for release in 2024. Borderlands is based on the widely popular sci-fi first-person shooter of the same name and is admittedly not the easiest property to adapt. The first game is largely considered the weakest, with only a general overarching plot and no emotional character arc. Borderlands 2 is an entirely different matter, and that has a lot to do with the villainy of charismatic dictator, Handsome Jack.

The upcoming Cate Blanchett-fronted Borderlands film is the start of a «Borderlands Cinematic Universe», according to Gearbox founder Randy Pitchford.

Gearbox's founder has seemingly teased an unannounced Borderlands game, and some fans think a reveal is right around the corner.

Lionsgate Films released the first Borderlands trailer for the upcoming movie adaptation of Gearbox Software’s popular video game franchise. It is set to be released in theaters on August 9, 2024.

Borderlands 4 may have been teased by Gearbox founder Randy Pitchford, who sent a tantalizing hint about what could be the next big project for the studio. Pitchford hinted at a mysterious endeavor that he believes could surpass anything Gearbox has done before, and fans are speculating about the long rumored Borderlands 4.

It’s been close to five years since Borderlands 3 came out, which means questions about when the series will return with its next mainline instalment are growing increasingly louder. And while it doesn’t seem like developer Gearbox Entertainment is ready to announce anything just yet, the company’s co-founder and CEO Randy Pitchford has not only teased it, but even talked it up as Gearbox’s best work yet.

The co-founder of Gearbox Software has teased what appears to be an update on Borderlands 4.

We may or may not have just gotten confirmation that Borderlands 4 is on its way.

A new preview for the video game movie adaptation has been released ahead of the upcoming trailer.

The first photos showing off the upcoming Borderlands film have been released.

The first image from Eli Roth‘s adaptation of the video game shooter has emerged, showing the movie’s starry cast.

Borderlands creator Randy Pitchford revealed a new SHiFT code that grants free keys in multiple games, including Borderlands 3 and Tiny Tina's Wonderlands. Gearbox Software regularly shares SHiFT codes with the Borderlands community, giving fans a steady flow of weapons that could prove to be useful in end-game content and additional playthroughs.

Tributes are flooding in across the games industry following the death of game designer, artist, and transgender rights activist Jennell Jaquays, who died yesterday of complications caused by Guillain–Barré syndrome.

Back in 2021, Free Radical Design was brought back from the dead to work on a new Timesplitters game. Today, the industry has been hit with more layoffs as news trickles out that Free Radical Design has been shut down by parent company Embracer. This follows a string of studio shut downs by Embracer following a $2bn deal falling through. That includes the closure of Saints Row developer Volition.

Back in 2021, Free Radical Design was brought back from the dead to work on a new Timesplitters game. Today, the industry has been hit with more layoffs as news trickles out that Free Radical Design has been shut down by parent company Embracer. This follows a string of studio shut downs by Embracer following a $2bn deal falling through. That includes the closure of Saints Row developer Volition.

A former Gearbox employee's LinkedIn profile may have spilled the beans about two yet-to-be-announced Borderlands games, namely Borderlands 4 and Tiny Tina's Wonderlands 2.

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A raft of unannounced Gearbox games were spotted online over the weekend.

Several projects in development at Gearbox, including Borderlands 4, have been sort of leaked via a developer's resume, as originally spotted by Reddit's Gaming, Leaks, and Rumors section.

Two as yet unannounced Borderlands games have appeared on the LinkedIn profile of a former Gearbox employee.

That Gearbox Entertainment has new games in the works for the Borderlands universe is all but a guarantee, given the immense success and popularity of the franchise, and some recent evidence has emerged that seems to point at that as well.

Borderlands 4 and Tiny Tina’s Wonderland 2 have been mentioned on a LinkedIn profile of a former Gearbox employee.

Former Embracer Group chief operating officer Egil Strunke announced on LinkedIn today that he has formally resigned as the company's chief operating officer—essentially, Embracer's number-two guy—and that he's now launching an all-new game company of his own.

Reports have emerged that Embracer Group are exploring the sale of Gearbox, as the once omnivorous publisher holding company continues to undergo a large-scale restructuring program after a $2 billion investment deal fell through earlier this year.

Sweden's Embracer Group is reportedly considering what to do with Gearbox Entertainment.

Reports have emerged that Embracer Group are exploring the sale of Gearbox, as the once omnivorous publisher holding company continues to undergo a large-scale restructuring program after a $2 billion investment deal fell through earlier this year.

Gearbox is reportedly the latest studio to be affected by Embracer Group's restructuring efforts.

Earlier today, reports started to emerge that the existence of Borderlands 4 had been leaked by an actress adding the game to her resume, but Genvid Entertainment has since clarified the situation.

Gearbox boss and co-founder Randy Pitchford first teased that «the big one» was in development back in 2021.

An actor has listed 'Borderlands 4' on their resume, while a producer has revealed the sequel was slated to launch this year.

The Borderlands movie finished shooting in 2021, and given that it's 2023 and we still haven't seen a trailer for it, I'm inclined to think that post-production has not gone entirely as planned. The movie does exist though: Borderlands will be in theaters on August 9, 2024, Gearbox president Randy Pitchford announced today.