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It Certainly Looks Like Yakuza Successor Gang Of Dragon Is Dead

It Certainly Looks Like Yakuza Successor Gang Of Dragon Is Dead https://ift.tt/mKDNRvw While some fans are still holding out hope for a financial savior to sweep in and save Nagoshi Studios' debut title, Gang of Dragon , more small details have emerged from print and social media this week that paint a very unpleasant picture of the studio's fate. Things haven't been looking particularly rosy for the upstart Nagoshi Studios--headed by former Yakuza series creator Toshihiro Nagoshi--for a while now. Following a reveal of their debut title, , at The Game Awards , things soon looked very shaky when it was revealed that their primary funder, Chinese giant NetEase, was pulling out of further commitments . Following the sudden vanishing (and reappearance) of their YouTube channel , followed by their website going offline , things have been pointing in a dire direction. The first indication of further trouble comes from the 40th anniversary issue of storied Japanese video...
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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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