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Technology
Hirun Cryer

Embracer sells Borderlands studio Gearbox for $460 million after acquiring it for $1.3 billion just 3 years ago

Gearbox Embracer Embracer Group
Borderlands.

Embracer Group has sold Borderlands developer Gearbox for $460 million USD, after acquiring the developer for roughly $1.3 billion just over three years ago.

Earlier today, Embracer Group announced it had completed the sale of Borderlands studio Gearbox Entertainment for $460 million USD to Take-Two Interactive. The deal includes the sale of Gearbox's Austin, Texas and Quebec, Montreal studios, as well as the franchise rights to the Borderlands, Tiny Tina, Homeworld, Risk of Rain, and Duke Nukem series.

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