{"id":614625,"date":"2024-03-28T07:14:04","date_gmt":"2024-03-28T04:14:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/take-two-interactive-software-to-acquire-the-gearbox-entertainment-company\/"},"modified":"2024-03-28T07:14:04","modified_gmt":"2024-03-28T04:14:04","slug":"take-two-interactive-software-to-acquire-the-gearbox-entertainment-company","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/take-two-interactive-software-to-acquire-the-gearbox-entertainment-company\/","title":{"rendered":"#\r\n Take-Two Interactive Software to acquire The Gearbox Entertainment Company"},"content":{"rendered":"
Take-Two Interactive Software will acquire The Gearbox Entertainment Company from Embracer group in a $460 million deal, the companies announced<\/a>. <\/p>\n

Under Take-Two Interactive Software, The Gearbox Entertainment Company will operate as a studio under the 2K label, and will be led by founder and CEO, Randy Pitchford, and his management team.<\/p>\n

The Gearbox Entertainment currently has six \u201ckey interactive entertainment projects\u201d in various stages of development, including five sequels, two of which are from the Borderlands<\/em> and Homeworld<\/em> franchises, and at least one new intellectual property.<\/p>\n

Get the details below.<\/p>\n

The consideration consists entirely of newly issued shares of Take-Two common stock. The number of Take-Two shares will be calculated by dividing the purchase price by the average closing price per share on the Nasdaq Global Select Market during the five trading day period ending on the trading day immedia<\/a>tely prior to the closing date. 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. The acquisition is anticipated to be completed during the first quarter of Take-Two\u2019s Fiscal Year 2025 (ended June 30, 2024), and is subject to the satisfaction of customary closing conditions, including app<\/a>licable regulatory approvals. The transaction excludes certain third-party publishing and other assets that Take-Two deemed non-core to its business.<\/p>\n

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. Take-Two will acquire Gearbox\u2019s extensive portfolio of intellectual property, including full ownership of the critically and commercially acclaimed Borderlands<\/em> and Tiny Tina\u2019s Wonderlands<\/em> franchises1, as well as Homeworld<\/em>, Risk of Rain<\/em>, Brothers in Arms<\/em>, Duke Nukem<\/em>, and Gearbox\u2019s future pipeline. Gearbox currently has six key interactive entertainment projects in various stages of development, including five sequels, two of which are from the Borderlands<\/em> and Homeworld<\/em> franchises, and at least one exciting new intellectual property. Beyond these plans, Take-Two believes that there are incremental opportunities to invest in new projects and to expand Gearbox\u2019s proven franchises.<\/p>\n

<\/p>\n

Management Comments<\/strong><\/p>\n

\u201cOur acquisition of Gearbox is an exciting moment for Take-Two and will strengthen our industry-leading creative talent and portfolio of owned intellectual property, including the iconic Borderlands<\/em> franchise,\u201d said Strauss Zelnick, Chairman and CEO of Take-Two. \u201cThis combination enhances the financial profile of our existing projects with Gearbox and unlocks the opportunity for us to drive increased long-term growth by leveraging the full resources of Take-Two across all of Gearbox\u2019s exciting initiatives.\u201d<\/p>\n

\u201cWith nearly 20 years of history working together, Gearbox has played an integral role in our success, given their unique ability to create interactive entertainment experiences that feature beloved characters, exciting new worlds, and humorous storytelling,\u201d added David Ismailer, President of 2K. \u201cWe are thrilled to welcome Randy Pitchford and his team of passionate, talented developers to 2K and we look forward to releasing numerous projects in the future as colleagues. We have loved partnering with Gearbox on every iteration of the Borderlands<\/em> franchise and are excited to be in active development on the next installment in the series<\/a>.\u201d<\/p>\n

\u201cJoining forces with Take-Two Interactive and 2K will help Gearbox ascend to our next level,\u201d said Randy Pitchford, Founder and CEO of Gearbox Entertainment. \u201cTake-Two and 2K have demonstrated repeatedly their commitment to our engine of generating creativity, happiness, and profit. We set the bar for interactive entertainment and achieved remarkable results with groundbreaking, record-setting game<\/a>s when we worked together at arm\u2019s length as partners. I\u2019m incredibly excited about what we can accomplish now that we\u2019re fully aligned as one.\u201d<\/p>\n

Future Gearbox Operating Structure<\/strong><\/p>\n

Gearbox will operate as a studio within 2K and will be led by founder and CEO, Randy Pitchford, and his management team. The acquisition adds a robust and proven development team to 2K\u2019s incredibly talented developer community, including personnel that have worked together on multiple critically and commercially successful games. Gearbox operates studios in Frisco, Texas; Montreal, Canada; and Quebec City, Canada.<\/p>\n

Advisors<\/strong><\/p>\n

Willkie Farr & Gallagher LLP is serving as legal counsel to Take-Two. KPMG and Deloitte are providing advice on financial and tax matters.<\/p>\n<\/blockquote>\n<\/div>\n

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If you want to read more News<\/a> articles, you can visit our Game <\/a><\/span>category.<\/strong>\n<\/p><\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Take-Two Interactive Software will acquire The Gearbox Entertainment Company from Embracer group in a $460 million deal, the companies announced. Under Take-Two Interactive Software, The Gearbox Entertainment Company will operate as a studio under the 2K label, and will be led by founder and CEO, Randy Pitchford, and his management team. The Gearbox Entertainment currently…<\/p>\n","protected":false},"author":1,"featured_media":614626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.gematsu.com\/wp-content\/uploads\/2024\/03\/Take-Two-Gearbox_03-28-24.jpg","fifu_image_alt":"","footnotes":""},"categories":[15],"tags":[149494,149274],"class_list":["post-614625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-game","tag-take-two-interactive-software","tag-the-gearbox-entertainment-company"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/614625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=614625"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/614625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/614626"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=614625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=614625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=614625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}