Embracer Group Divests Gearbox Entertainment for $460 Million

Embracer Group Divests Gearbox Entertainment for $460 Million

Benzinga

Embracer Group Unsponsored ADR EBCRY announced the divestment this week of Gearbox Entertainment to Take-Two Interactive Software Inc TTWO for $460 million. This deal includes Gearbox Software, Gearbox Montreal and Gearbox Studio Quebec. The studio is developing new installments for Borderlands and Homeworld, along with an undisclosed intellectual property.

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