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Take-Two Interactive appears to plan to shutter two of its subsidiary studios, Intercept and Roll7, under its larger subsidiary Private Division, which also faces layoffs.

Weeks after reports said that Gearbox Entertainment was close to a potential sale, Embracer Group confirmed the sale of most of the company, including key IPs like Borderlands, to Take-Two Interactive in a stock deal worth $460 million.

Rockstar Games has acknowledged that there has been a major leak involving the in-development next Grand Theft Auto title, but vows to continue work on the game and unveil it in its own time. 

Take-Two Interactive has just struck a deal to acquire Zynga, with plans to make its first inroads into mobile gaming in a big way.

Take-Two, the company that owns gaming giant Rockstar, recently had their CEO discuss the company's approach to remastering their games. CEO Strauss Zelnick talked about how the remaster strategy they employ differs from how some other gaming companies do it in the end.