Homeworld

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

Retrieved on: 
Thursday, March 28, 2024

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.

Homeworld Collective Launches To Unite and Enable Climate Biotechnology Community

Retrieved on: 
Thursday, September 21, 2023

BOSTON, Sept. 21, 2023 /PRNewswire-PRWeb/ -- Homeworld Collective, the 501(c)(3) nonprofit igniting the growth of climate biotechnology, today introduced their nonprofit as the go-to source for scientists, technologists, entrepreneurs, and funders committed to maximizing the impact of climate biotechnology for planetary health. The launch also coincides with the announcement of their grantmaking system for building the field of climate biotech, Homeworld Garden Grants. In its first cycle, Homeworld Collective will deploy $1M in funding for climate biotech. The organization's goal is to foster a cohesive community across academia, industry, and funders in climate biotech that is organized around clear pathways to impact and develop viable solutions for problems plaguing our planet.

Key Points: 
  • Daniel Goodwin, Ph.D., and Paul Reginato, Ph.D., founders of Homeworld Collective, began building their global community in 2019 after recognizing the dire lack of community, resources, funding, and education in the field of climate biotechnology.
  • Having started as an informal community, Homeworld Collective was officially established as a nonprofit in 2022.
  • "We are empowering an attitude of action-oriented climate optimism," said Paul Reginato, Founding Co-Director of Homeworld Collective.
  • In contrast, climate biotechnology currently lacks the social infrastructure and problem maps that can enable people to connect to impactful work.

Gearbox Entertainment Launches New "Gearbox Gives" Initiative to Harness the Power of Entertainment

Retrieved on: 
Thursday, April 13, 2023

FRISCO, Texas, April 13, 2023 /PRNewswire/ -- Gearbox Gives, a new Gearbox Entertainment Company initiative that organizes and directs the studio's philanthropic work, launched today with a mission to harness the power of entertainment to educate, inspire, and create. Gearbox Gives' work encompasses Gearbox's educational and philanthropic programs, and its community partnerships and initiatives.

Key Points: 
  • "Gearbox has been committed to using our platform and the power of entertainment for good since our founding, and Gearbox Gives is a continuation and expansion of that work," said Randy Pitchford, founder of both Gearbox Gives and the Gearbox Entertainment Company.
  • Aaron Thibault, who serves as the Vice President of Strategic Operations at Gearbox, is Gearbox Gives' executive director.
  • Gearbox Gives is the philanthropic arm of the Gearbox Entertainment Company, founded in 2023 with a mission of harnessing the power of entertainment to educate, inspire, and create around the globe.
  • Gearbox Entertainment is composed of four subsidiaries: Gearbox Software, Gearbox Publishing, Gearbox Studio, and Gearbox Properties.

New Tales from the Borderlands® is Now Available Worldwide

Retrieved on: 
Friday, October 21, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221021005023/en/
    Today, 2K and Gearbox Software released New Tales from the Borderlands worldwide.
  • The new storylines and characters will entertain newcomers to the Borderlands universe and those who have played and loved other Borderlands games.
  • **Digital orders of New Tales from the Borderlands (Deluxe Edition): a digital copy of Tales from the Borderlands will be automatically entitled at time of purchase.
  • Physical orders of New Tales from the Borderlands (Deluxe Edition): a digital copy of Tales from the Borderlands will be delivered via code in box.

2K and Gearbox Software Release Tiny Tina’s Assault on Dragon Keep™: A Wonderlands One-Shot Adventure

Retrieved on: 
Tuesday, November 9, 2021

Today, 2K and Gearbox Software announced the release of Tiny Tinas Assault on Dragon Keep: A Wonderlands One-Shot Adventure.

Key Points: 
  • Today, 2K and Gearbox Software announced the release of Tiny Tinas Assault on Dragon Keep: A Wonderlands One-Shot Adventure.
  • Tiny Tinas Assault on Dragon Keep: A Wonderlands One-Shot Adventure features the ever-popular Tiny Tina in her inaugural story as she takes on the role of Bunker Master in a thrilling game of Bunkers and Badasses.
  • "Tiny Tinas Assault on Dragons Keep is one of the most important pieces of content Gearbox has ever imagined," said Randy Pitchford, Executive Producer on Tiny Tinas Assault on Dragon Keep.
  • Tiny Tinas Assault on Dragon Keep: A Wonderlands One-Shot Adventure is rated T for Teen by the ESRB.