THE GEARBOX ENTERTAINMENT COMPANY


Associated tags: Software, Consumer Electronics, Gearbox Software, TTWO, KPMG, Homeworld, Embracer Group, LLP, Take-Two Interactive, Happiness, Creativity, Intellectual property, Willkie Farr & Gallagher, Brother

Take-Two Interactive Software, Inc. to Acquire The Gearbox Entertainment Company Inc., Developer of Highly Successful Borderlands Franchise

Retrieved on: 
Thursday, March 28, 2024
Software, Technology, Consumer Electronics, Gearbox Software, TTWO, KPMG, Growth, Homeworld, Risk, Embracer Group, LLP, Acquisition, Take-Two Interactive, Happiness, Creativity, Intellectual property, Multimedia, Willkie Farr & Gallagher, Brother

Take-Two Interactive Software, Inc. (NASDAQ:TTWO), one of the largest interactive entertainment companies in the world, announced that it has entered into a definitive agreement with Embracer Group to acquire The Gearbox Entertainment Company, an award-winning creator of industry-defining entertainment experiences, for $460 million.

Key Points: 
  • Take-Two Interactive Software, Inc. (NASDAQ:TTWO), one of the largest interactive entertainment companies in the world, announced that it has entered into a definitive agreement with Embracer Group to acquire The Gearbox Entertainment Company, an award-winning creator of industry-defining entertainment experiences, for $460 million.
  • The purchase price assumes a debt-free, cash-free company with a normalized level of net working capital (excluding cash) at the time of the closing of the acquisition.
  • View the full release here: https://www.businesswire.com/news/home/20240327928202/en/
    Take-Two expects the transaction to deepen its successful relationship with Gearbox Entertainment and to provide increased financial benefits through a fully-integrated operational structure.
  • We set the bar for interactive entertainment and achieved remarkable results with groundbreaking, record-setting games when we worked together at arm's length as partners.