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 to 3.5 billion crowns and that it expected the transaction to be immediately accretive to its free cash flow generation. Gearbox will operate as a studio within 2K, a publishing label owned by Take-Two, and will be led by founder and CEO Randy Pitchford, Take-Two added.
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