Take-Two Interactive Sells Private Division in Major Gaming News

Thursday, 7 November 2024, 05:25

Gaming news has taken a significant turn as Take-Two Interactive sells Private Division to an undisclosed buyer. This sale includes the rights to nearly all of Private Division's titles. The move follows recent layoffs and studio closures, indicating a shift in Take-Two's gaming strategy towards bigger projects.
Polygon
Take-Two Interactive Sells Private Division in Major Gaming News

Major Developments in Gaming Business

Take-Two Interactive, the parent company of Rockstar and 2K Games, has sold its boutique publishing label Private Division to an undisclosed buyer for an undisclosed sum. The buyer has acquired rights to substantially all of Private Division's live and unreleased titles. This sale was revealed in Take-Two’s latest financial report.

Impact on Private Division

This news comes just months after reports that Take-Two was moving to close two studios owned by Private Division — Kerbal Space Program 2 developer Intercept Games and London-based Roll7, developer of the OlliOlli skating series. The majority of Private Division’s staff was also reported to have been laid off at that time.

What's Next for Private Division Games?

  • Take-Two retains one Private Division game: No Rest for the Wicked, an action role-playing game by Ori and the Blind Forest developer Moon Studios.
  • The game is still in early access, and Take-Two will continue to support it.
  • The mystery buyer has acquired the publishing rights to:
    • Tales of the Shire - A cozy Lord of the Rings game.
    • Project Bloom - An action-adventure game from Pokémon developer Game Freak.

The Future of Take-Two and Private Division

Private Division was established by Take-Two in 2017 to support indie studios in creating ambitious projects. However, following the closure of Intercept Games and reports of mostly negative reviews for Kerbal Space Program 2 on Steam, Take-Two is now refocusing on larger projects.

Take-Two CEO Strauss Zelnick stated, “We’re really best at these big AAA experiences,” emphasizing the company's ambition to concentrate on high-impact games such as Rockstar's upcoming Grand Theft Auto 6.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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