Embracer Group sells another huge studio as meltdown continues

What you need to know

• Embracer Group purchased Gearbox Software for $1.3 billion back in 2021. 
• Embracer Group is now selling most of Gearbox to Take-Two Interactive, parent company of 2K Games, for $460 million.
• Gearbox Software retains the rights to the Borderlands, Homeworld, and Risk of Rain franchises.
• Embracer Group is retaining the publishing rights to the Remnant franchise, as well as support studio Lost Boys Interactive.

Embracer Group is continuing to melt down, selling off another large chunk of the company. 

Borderlands developer Gearbox Software is being sold to Take-Two Interactive for $460 million, per a press release. Gearbox — which was originally purchased by Embracer Group for $1.3 billion back in 2021 — will retain most of its development studios and the rights to Borderlands, Tiny Tina’s Wonderlands, Homeworld, Risk of Rain, Duke Nukem, and Brothers in Arms.