Take-Two will acquire developer Gearbox from Embracer for $460 million. The deal for the studio, which operates out of three offices in the United States and Canada, is expected to close in June.

Gearbox is responsible for the Borderlands series, which is already published by Take-Two, and the two have already worked together on the next Borderlands game. In addition to Borderlands, Take-Two will also own Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem, as well as future games from Gearbox. Take-Two says Gearbox is working on six games, including two Borderlands games and two Homeworld games, as well as “at least” one new IP.

Current owner Embracer Group bought Gearbox in 2021 in a deal potentially worth $1.3 billion. This was compensation based largely on performance, with initial costs of $363 million, including $175 million in Embracer stock.

The sale of Gearbox is part of Embracer's ongoing restructuring programme. This comes after a $2 billion deal for Embracer fell through, leading to several layoffs and the closure of the studio. Earlier this month, it sold Saber Interactive and its associated studios for $247 million.