Take-Two Interactive Software Agrees To Acquire The Gearbox Entertainment Company For $460M
Portfolio Pulse from Benzinga Newsdesk
Take-Two Interactive Software has agreed to acquire The Gearbox Entertainment Company for $460 million, with the transaction expected to close in the first quarter of Take-Two's Fiscal Year 2025. This acquisition will expand 2K's internal development team by adding Gearbox's industry-leading talent. Additionally, Gearbox and 2K are currently developing the next installment in the Borderlands series.
March 28, 2024 | 5:36 am
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Take-Two Interactive Software's acquisition of Gearbox Entertainment for $460M aims to enhance its development capabilities and expand its product portfolio with the next Borderlands series installment.
The acquisition of Gearbox by Take-Two is significant as it not only expands Take-Two's development team with proven talent but also strengthens its gaming portfolio with the upcoming Borderlands series. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term uptick in TTWO's stock price.
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