Take-Two Buys Gearbox in $460 Million All-Cash Deal

Take-Two Interactive has completed its acquisition of Gearbox Software in a $460 million all-cash transaction, bringing the Borderlands developer fully into its portfolio. The deal includes Gearbox’s existing intellectual property, along with ongoing projects such as Borderlands 4, strengthening Take-Two’s position in the competitive shooter and live-service gaming markets.

Gearbox is best known for creating the Borderlands franchise and Tiny Tina’s Wonderlands, both of which have helped define the studio’s reputation for fast-paced action, distinctive humor, and long-term player engagement. By adding the studio’s full catalog and development pipeline, Take-Two gains a proven team with experience building large-scale franchises that can support recurring content and community-driven play.

The acquisition comes as major publishers continue to invest heavily in established studios and recognizable game brands, especially in genres where post-launch updates and multiplayer ecosystems can drive sustained revenue. For Take-Two, the move expands its development capabilities while adding another major name to its growing stable of studios.

With Borderlands 4 already in development, the acquisition signals Take-Two’s intent to deepen its presence in one of gaming’s most competitive and commercially important segments.