Take-Two to acquire Gearbox for $460M in stock; closes in Q1 FY2025

TAKE TWO INTERACTIVE SOFTWARE INC

Purchase price of $460M paid entirely in newly issued Take-Two common stock.
Acquisition expected to close in first quarter of FY2025 (ending June 30, 2024).
Gearbox owns Borderlands, Tiny Tina's Wonderlands, Homeworld, Risk of Rain, Brothers in Arms, Duke Nukem IPs.
Gearbox has 6 projects in development including 5 sequels and 1 new IP; next Borderlands installment in active development.
Gearbox will operate as a 2K studio led by Founder/CEO Randy Pitchford; studios in Texas, Montreal, Quebec.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.