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Report Claims “Significant” Layoffs Are Incoming For Bungie As Destiny 2 Ends

Report Claims “Significant” Layoffs Are Incoming For Bungie As Destiny 2 Ends https://ift.tt/wpKkYC2 The future of Bungie is looking uncertain, as insider reports claim layoffs are on the way for the studio as it ends development on Destiny 2 . There are reportedly no plans to move into development on Destiny 3, with Bungie looking to refocus on Marathon instead for the time being. Following the news that Bungie would deliver its final content update for Destiny 2 this June, a Bloomberg report suggests the studio is planning “significant” layoffs. Amid speculation that the studio would move into production on Destiny 3, or another Destiny-related title, insider sources quoted by Bloomberg say that there is currently no project for the Destiny 2 team to move on to. Bungie staff are reportedly pitching new projects to begin developing, including some Destiny-related titles, but none have currently been greenlit for production. With game companies--including Bungie's parent...
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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.

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