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Unsurprisingly, GTA 6 Has Take-Two Predicting A Massively Profitable Year Ahead

Unsurprisingly, GTA 6 Has Take-Two Predicting A Massively Profitable Year Ahead https://ift.tt/5Ju3mS0 With GTA 6 still scheduled to launch in November , publisher Take-Two Interactive is expecting its current financial year--running from April 1 to March 31, 2027--to be very profitable. The company is expecting a 20% growth through the middle of the 2026 financial year, with  revenue predicted to reach $8.2 billion thanks to GTA 6 and several other games. According to Take-Two's estimates, it's forecasting that Rockstar Games will be responsible for roughly 37% of its revenue, Zynga 34%, and other games from the 2K label will make up 29% of that revenue. GTA 6 will likely bring in an absurd amount of cash, alongside other legacy titles from Rockstar Games like GTA 5--which is the second-best-selling game of all time--Red Dead Redemption 2, and the microtransactions attached to those older titles. Zynga still remains a sales juggernaut with its portfolio of mobile gam...

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.

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