The sale, which amounts to $460M, will see Gearbox become wholly owned by Take-Two, which already had an ongoing relationship with the developer through the Borderlands franchise. "As a significant long-term Embracer Group shareholder, I believe in the strategy for the Embracer Group going forward and am completely convinced that this transaction is the best possible scenario and an obvious net positive arrangement for Embracer Group, for Take-Two and, of course, for Gearbox Entertainment," said Randy Pitchford, founder and CEO of Gearbox Entertainment. "My primary interest is always Gearbox, especially our talent and our customers.