Take-Two sold the private division to an undisclosed buyer

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Take-Two sells Private Division, new owner unknown, possibly to avoid layoffs.
Studio layoffs and closings are impacting the gaming industry, affecting even dominant companies like Take-Two.

Take-Two Interactive was sold Private divisionalthough the new owner of the company is currently unknown to the public. In many cases over the past few years in the gaming industry, major studios have resorted to downsizing as a means of streamlining projects and saving money. Take-Two, an industry leader known to many as the owner of Rockstar Games and Zynga, among others, has also faced its share of problems. By selling Private Division to an owner potentially better able to support its team smoothly, the company may have avoided another round of layoffs.

It's been a tumultuous time for the gaming industry due to layoffs and studio closures, even affecting gaming giant Take-Two Interactive. The publishing house closed Rollerdome developer Roll7 along with Intercept Games, developer of Kerbal 2 Space Program. While Take-Two's dominance in the gaming market is largely due to being attached to so many successful titles, it seems the costs may have outweighed the benefits in some areas.

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GTA 6 publisher Take-Two Interactive sold its independent company Private Division. Take-Two shared the information as part of its fiscal 2025 second-quarter earnings results, with CEO Strauss Zelnick telling Variety Magazine that the deal includes the acquisition of substantially all of Private Division's projects, including unreleased ones. . Early access title No rest for the wicked will continue to receive support from Take-Two in the meantime. This is a big change for both companies, but one that some people have been anticipating for a while.

What does the future hold for the private sector?

In May 2024, IGN reporter Rebekah Valentine posited that Take-Two was “quietly killing off” Private Division amid the parent company's mass layoffs and cost-cutting efforts. That month, Take-Two reportedly looked to sell Private Division instead of shutting it down altogether. Private Division, responsible for publishing games such as The outer worlds, Hadesand Tales of the Shire: A Lord of the Rings game.has developed a following after consistently releasing indie hits. However, with Take-Two focused on saving money and restructuring, fans were concerned about its status.

The private division under new management could benefit the company as it no longer appears to be at risk of closure. Since Private Division retains ownership of the titles that may have caught players' attention in the first place, the company's brand will remain intact as players eagerly await its next release. The next big project for Private Division looks to be his upcoming collaboration with Pokémon developer Game Freak, known as The Bloom Project. Although the Private Division was not closed, its employees could count on The Bloom Projecthis success in helping him now that the company may not be attached to a corporation with the same amount of resources as Take-Two.