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International Business Times
International Business Times
Business
AFP News

Video Game Giant Embracer Sells 'Borderlands' Maker To Take-Two

Embracer Lars Wingefors Video Game Gearbox TakeTwo
'Borderlands' is a first-person shooter game set in a space Western (Credit: AFP)

Swedish video game group Embracer said Thursday it was selling Gearbox Entertainment, the developer of the popular first-person shooter franchise "Borderlands", to US company Take-Two for $460 million.

Embracer chief executive Lars Wingefors said the sale, to be completed by the end of June, was "an important step in transforming Embracer into the future with notably lower net debt and improved free cash flow."

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