The video game publisher Take-Two has officially sold its smaller label Private Division to an unnamed buyer for an undisclosed sum.
Take-Two CEO Strauss Zelnick told Variety how "the buyer purchased substantially all of Private Division's existing and unreleased titles". He added how this was a "strategic decision" so the publisher could focus on growing its "core businesses for the long term". Take-Two also "continues to support" No Rest for the Wicked.
As highlighted by Bloomberg, some of the games in this transaction include Wētā Workshop's upcoming "cosy life-sim" Tales of the Shire: A The Lord of the Rings Game and a new action-adventure game by the Pokémon developer Game Freak.
This latest update on Private Division follows reports earlier this year about Take-Two shutting down the OlliOlli and Kerbal Space Program 2 developers which operated under this label.
When we hear more, we'll let you know.
[source variety.com, via bloomberg.com]
Comments 12
I think you'll find it's not Tales of the Shire: A Lord of the Rings Game, but actually Tales of the Shire: A The Lord of the Rings Game. If they're going to give it a stupid title, I'm going to point it out.
Yeah. I'm sure Take Two is bleeding money, perpetually circling the drain. Well, I hope the projects do well under the new ownership.
This is great news. Based on the rumour that Take Two were going to quietly phase out or shut down Private Division, we get those jobs saved plus a AA publisher that continues to bring alternative titles from what big business will.
Very interesting.
Hopefully it’s not someone like Embracer snagging them up.
@PepperMintRex I think Embracer are done purchasing following the Saudi fall-through. If anything, theyve been cancelling and projects and selling off their studios
Reportedly, No Rest for the Wicked was not part of this deal and remains under Take-Two
Even though the early previews of Tales of the Shire weren't great, I'm still looking forward to it. Hopefully this doesn't have a negative impact on the game getting released and being a great game. that also means I'm really hoping they can bring the fun which seems to be lacking from the previews.
After the train wreck of Annapurna Games, it's nice to see an indie publisher staying afloat.
Take Two and indie/AA games were never a good fit. Hopefully the new owner is an improvement.
@PepperMintRex Embracer isn't in the position to be buying anything at the moment. Quite the opposite, in fact.
Fingers crossed this will be for the best for all parties involved - hope comments here are right and that this prevented potential lay-offs etc. instead of leading to such things!
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