Take-Two Interactive Software, Inc. recently announced its acquisition of The Gearbox Entertainment Company Inc. for $460 million, expanding its internal development team with proven industry-leading talent. The transaction, valued at $460 million, is expected to close in the first quarter of Take-Two’s Fiscal Year 2025. This acquisition deepens Take-Two’s successful relationship with Gearbox and provides increased financial benefits through a fully-integrated operational structure.
Gearbox Entertainment is known for creating industry-defining entertainment experiences, including the highly successful Borderlands franchise. Take-Two will acquire Gearbox’s extensive portfolio of intellectual property, including Borderlands and Tiny Tina’s Wonderlands franchises, Homeworld, Risk of Rain, Brothers in Arms, Duke Nukem, and Gearbox’s future pipeline. Gearbox has six key interactive entertainment projects in various stages of development, including sequels from the Borderlands and Homeworld franchises.
The acquisition of Gearbox by Take-Two represents a significant moment for both companies, strengthening their industry-leading creative talent and portfolio of owned intellectual property. Take-Two expects to drive increased long-term growth by leveraging the full resources of Gearbox across all its exciting initiatives. Randy Pitchford, Founder and CEO of Gearbox Entertainment, expressed excitement about joining forces with Take-Two and 2K to take Gearbox to the next level.
Gearbox will operate as a studio within 2K, led by Randy Pitchford and his management team. The acquisition adds a robust and proven development team to 2K’s talented developer community. Gearbox operates studios in Frisco, Texas; Montreal, Canada; and Quebec City, Canada.
Overall, the acquisition of Gearbox by Take-Two Interactive Software, Inc. marks a significant milestone in the gaming industry, bringing together industry-leading talent and a vast portfolio of intellectual property. The collaboration between the two companies is expected to yield innovative and groundbreaking gaming experiences for players worldwide.
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