Take-Two Interactive has sold its Private Division label to an undisclosed buyer. The sale was announced in the company’s fiscal 2025 second-quarter earnings results on Wednesday. The terms of the deal, including the sale amount, were not disclosed.
Private Division is the developer behind the game “Tales of the Shire.” The buyer has purchased nearly all of the label’s existing and unreleased titles as part of the transaction. However, Take-Two will continue to support the early access game “No Rest for the Wicked,” which launched in April. “We recently made the strategic decision to sell our Private Division label so we could focus our resources on growing our core businesses for the long term,” said Take-Two CEO Strauss Zelnick.
“We’re grateful to the contributions that the Private Division team made to Take-Two, and we’re confident that they’ll continue to achieve success.”
Zelnick confirmed that the release of “Grand Theft Auto 6,” expected in Fall 2025, will not clash with the launch of “Borderlands 4” in fiscal year 2026. “I think it’s safe to say that we wouldn’t, and no one would, stack up huge releases unnecessarily,” he said. Take-Two reported $1.47 billion in revenue for the latest quarter, exceeding Wall Street’s forecast of $1.43 billion in net bookings.
Private Division sale finalized
The earnings announcement came shortly after the U.S. presidential election, which saw Donald Trump win against Kamala Harris. Zelnick, while emphasizing that Take-Two is an entertainment company and not political, anticipates a “more sensible FTC” under Trump’s administration.
“I believe in the democratic process. By all accounts, this was a free, fair, and secure election,” he said. “I think that the President-elect has made it very plain that he believes in reducing regulation.
I do believe that the FTC was misguided during President Biden’s term, and I am certainly looking forward to more sensible FTC.”
Regarding the ongoing SAG-AFTRA strike against video game publishers, Zelnick stated, “We take these issues very seriously and believe it’s both possible and likely we can come to terms in a mutually beneficial way.”
Despite the “disappointing” box office performance of the “Borderlands” movie, Zelnick says Take-Two remains interested in adapting its intellectual properties for film and television. “We have selectively licensed intellectual properties. For example, we have a deal pending on ‘Bioshock,'” he said.
“While the ‘Borderlands’ movie was disappointing, it positively impacted our catalog sales of ‘Borderlands’ titles. We prefer to control our own destiny but will still license selectively.”
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