TTWO - Embracer Group Strikes $460M Stock Deal Sells Gearbox Entertainment To Take-Two | Benzinga
Embracer Group Unsponsored ADR (OTCMKTS: EBCRY) announced the divestment this week of Gearbox Entertainment to Take-Two Interactive Software Inc (NASDAQ: TTWO) for $460 million in a deal expected to be finalized by the end of June.
This deal includes Gearbox Software, Gearbox Montreal, Gearbox Studio Quebec and several franchises like Borderlands and Duke Nukem. According to the press release, Embracer will retain some assets such as Gearbox Publishing San Francisco, Cryptic Studios, Lost Boys Interactive and Captured Dimensions, integrating them ...