M&A Deal Summary

Take-Two Interactive Software Acquires Gearbox Software

On March 27, 2024, Take-Two Interactive Software acquired media company Gearbox Software from Embracer for 460M USD

Acquisition Highlights
  • This is Take-Two Interactive Software’s 1st transaction in the Media sector.
  • This is Take-Two Interactive Software’s 2nd largest (disclosed) transaction.
  • This is Take-Two Interactive Software’s 8th transaction in the United States.
  • This is Take-Two Interactive Software’s 2nd transaction in Texas.

M&A Deal Summary

Date 2024-03-27
Target Gearbox Software
Sector Media
Buyer(s) Take-Two Interactive Software
Sellers(s) Embracer
Deal Type Divestiture
Deal Value 460M USD

Target

Gearbox Software

Frisco, Texas, United States
website
Gearbox Software is a creator and distributor of transmedia entertainment through its four subsidiaries: Gearbox Software, Gearbox Publishing, Gearbox Studio, and Gearbox Properties. Gearbox Software was formed in 1999 and is based in Frisco, Texas.

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Buyer(S) 1

Buyer

Take-Two Interactive Software

New York, New York, United States

website


Category Company
Founded 1993
Sector Media
Employees5,800
Revenue 3.5B USD (2022)
DESCRIPTION

Take-Two Interactive Software is a developer, marketer, distributor and publisher of interactive entertainment software games and accessories for the PC, PlayStation(R) game console, PlayStation(R)2 computer entertainment system, PSP(TM) (PlayStation(R)Portable) system. Take-Two Interactive Software was founded in 1993 and is based in New York, New York.


DEAL STATS #
Overall 13 of 13
Sector (Media) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 2 of 2
Country (United States) 8 of 8
Year (2024) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Zynga

San Francisco, California, United States

Zynga is a developer of online social games with more than 200 million monthly active users connected via social networks such as Facebook and technology platforms such as the iPhone. Zynga was founded in 2007 and is based in San Francisco, California.

Buy $12.7B

Seller(S) 1

SELLER

Embracer

Karlstad, Sweden

website


Category Company
Founded 1999
Sector Digital Media
Employees6,325
Revenue 5.2B SEK (2020)
DESCRIPTION

Embracer is a developer and publisher of video games. The core portfolio comprises products and brands which have been acquired from various parties (THQ, Atari, and others), and further acquisitions of IPs and trademarks will follow. Embracer was founded in 1999 and is based in Karlstad, Sweden.


DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Asmodee

Guyancourt, France

Asmodee is an international publisher and distributor for board games, trading cards, and digital board games with over 39 million games sold annually in more than 50 countries. Through 22 fully owned studios and 300+ IPs, the company creates a dynamic transmedia experience for players across a variety of digital and physical platforms. Asmodee has a portfolio of 970+ games, of which some of the iconic game titles include Catan, Ticket to Ride, Pandemic, Dixit, Splendor, 7 Wonders, Just One, Dobble/Spot it!, Azul, Unlock!, Bezzerwizzer and Exploding Kittens. It also establishes licensing and distribution partnership with leading entertainment and technology companies on successful IPs such as Pokémon, Magic: The Gathering, Disney, Harry Potter, Lord of the Rings, Star Wars, Marvel, Dungeons & Dragons and Carcassonne. Asmodee was formed in 1995 and is based in Guyancourt, France.

Buy $2.8B