Embracer Group has sold Gearbox to Take-Two for $460M USD. Randy Pitchford, Founder of Gearbox, says:

Joining forces with Take-Two Interactive/2K will help Gearbox ascend to our next level. Take-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 games when we worked together at arm’s length as partners. I’m incredibly excited about what we can accomplish now that we’re fully aligned as one.

The deal includes Borderlands and Homeworld franchises, and is expected to close by Q1 FY24/25.