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Supercell's Ilkka Paananen Will Receive Fellowship At Upcoming BAFTA Awards

Supercell's Ilkka Paananen Will Receive Fellowship At Upcoming BAFTA Awards https://ift.tt/E7nNtOF BAFTA has announced that Ilkka Paananen, the co-founder and CEO of Clash of Clans developer Supercell, will receive the BAFTA Fellowship at the upcoming BAFTA Game Awards on April 17. This is the highest honor from BAFTA, and it is bestowed upon people who have "driven innovation, creativity, and positive change in the screen arts, including games, over the course of their career." Paananen is getting the Fellowship for his work at Supercell, which he co-founded in 2010. The studio created Clash of Clans, which is one of the most popular mobile games of all time. Continue Reading at GameSpot
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Take-Two Buys Gearbox Entertainment From Embracer For $460M

Take-Two Buys Gearbox Entertainment From Embracer For $460M https://ift.tt/k1CBDEw

After months of rumors that Embracer Group was looking for buyers for Borderlands developer Gearbox Entertainment, the studio is now officially being sold to 2K parent company Take-Two Interactive in a deal worth $460 million.

Gearbox was one of Embracer Group's biggest acquisitions when it bought the company in 2021, in a deal worth up to $1.3 billion. As the deal was based on Gearbox reaching certain milestones, it's unclear how much of that $1.3 billion Embracer ended up paying out beyond $363 million in guaranteed upfront payments.

Now, as reported by Brian Crecente on X, Take-Two Interactive has purchased Gearbox for $460 million, which will be paid out in Take-Two shares. The purchase includes Gearbox Software in Texas, Gearbox Montreal, and Gearbox Studio Quebec, and will cover Gearbox IP including Borderlands and Tiny Tina's Wonderlands, Risk of Rain, Brothers in Arms, and Duke Nukem.

Continue Reading at GameSpot
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