Previous close | 55.25 |
Open | 55.25 |
Bid | 57.30 |
Ask | 59.75 |
Strike | 55.00 |
Expiry date | 2025-01-17 |
Day's range | 55.25 - 55.25 |
Contract range | N/A |
Volume | |
Open interest | 16 |
The videogame company is buying Gearbox Entertainment for $460 million. It’s the latest sign of consolidation in the industry.
U.S. video game publisher Take-Two Interactive Software said on Wednesday it would acquire Gearbox Entertainment, best known for the first-person shooter game Borderlands, from Sweden's Embracer for $460 million. In a separate statement, Embracer said the deal with Take-Two would cut its net debt by about 3.2 billion crowns ($301.23 million) to 3.5 billion crowns and that it expected the transaction to be immediately accretive to its free cash flow generation. It said last month that it may fall short of its March net debt target of 8 billion crowns.
(Reuters) -U.S. videogame publisher Take-Two Interactive Software has agreed to buy Gearbox Entertainment from Sweden's Embracer for $460 million in stock to beef up its arsenal of titles with games including first-person shooter "Borderlands". The "Grand Theft Auto" franchise owner, which unveiled the deal on Wednesday, is picking up Gearbox for a steep discount when consolidation is driving up prices for makers of well-known titles. Embracer's 2021 deal had valued Gearbox at up to $1.4 billion.