Take-Two Interactive Software acquires The Gearbox Entertainment Company
Take-Two Interactive Software, Inc. has announced its definitive agreement to acquire The Gearbox Entertainment Company for $460 million. The Gearbox Entertainment Company is renowned for its offerings, including the iconic Borderlands franchise.
The acquisition will be completed entirely through newly issued shares of Take-Two common stock. The number of shares will be determined based on the average closing price per share on the Nasdaq Global Select Market during the five trading days ending on the day immediately prior to the closing date. The transaction, expected to close during the first quarter of Take-Two’s Fiscal Year 2025 (ending June 30, 2024), is subject to customary closing conditions and regulatory approvals.