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Take-Two Interactive to Spend $460 Million to Acquire Gearbox Entertainment From Embracer. Here's What Investors Need to Know.
TTWOTake-Two Interactive Software(TTWO) The Motley Fool·2024-04-04 15:37

Two of the video game industry's busiest deal makers just struck a 460millionaccord.Here′swhatTake−TwoandEmbracerinvestorsneedtoknow.Thevideogameindustryisalwaysinmotion.Populargamefranchisesandsuccessfuldeveloperstudioschangehandsallthetime,andtwoofthemostenergeticmoversandshakersinrecentyearsjuststruckanotherdeal.Ina460 million accord. Here's what Take-Two and Embracer investors need to know.The video game industry is always in motion. Popular game franchises and successful developer studios change hands all the time, and two of the most energetic movers and shakers in recent years just struck another deal.In a 460 million contract, industry giant Take-Two Interactive (TTWO 0.53%) is buying Gearbox Entertainment from Swedish game-studio manager Embrac ...