Flagging megacorp Embracer Group is now selling off Gearbox Entertainment to Take-Two for $460 million

Swedish games behemoth Embracer Group bought Gearbox for $1.3 billion back in 2021. Just over three years later, Embracer Group is divesting Gearbox Entertainment to 2K Games and Rockstar parent company Take-Two Entertainment for $460 million. The acquisition is expected to finalize by the end of June.

Embracer will retain one piece of the Gearbox pie however, in the form of Gearbox Publishing San Francisco, which holds publishing rights to the Remnant series and Hyper Light Breaker, in...