Take-Two Interactive Has Sold Private Division, No Rest for the Wicked goes to T2

Take-Two Interactive has sold its independent games publishing label Private Division to an undisclosed buyer. The purchase price was not disclosed. CEO and chairman Strauss Zelnick told investors (via PC Gamer) that the decision was not based on "flops", but rather the fact that even the "biggest hits" were not big enough. "The titles, though big, were not big in the context of our core intellectual properties at 2K and Rockstar," the CEO is quoted as saying. Take-Two does not see itself as a "long tail company" but as a "top ten hit maker" and Private Division would not fit into that strategy. Incidentally, the sale of Private Division was not mentioned in last quarter's press release.

Karl Slatoff, President, said Q2 Fiscal Year 2025 Conference Call: "In addition, we recently made the strategic decision to sell our Private Division label to focus our resources on growing our core and mobile businesses for the long-term. As part of this transaction, the buyer purchased our rights to substantially all of Private Division's live and unreleased titles. (...) We are grateful for the contributions that the Private Division team has made to our company and are confident that they will continue to achieve success in their new home."

No Rest for the Wicked, which is being developed by Moon Studios in Austria and launched in Early Access on PC in April 2024, will become part of Take-Two Interactive's portfolio.

Two representatives of the publisher have confirmed to GI.biz that Roll7 (OlliOlli) and Intercept Games (Kerbal Space Program 2) were closed before Private Division was sold. The buyer is to be announced "soon".

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Take-Two Interactive has sold its independent games publishing label Private Division to an undisclosed buyer. The purchase price was not disclosed. CEO and chairman Strauss Zelnick told investors (via PC Gamer) that the decision was not based on "flops", but rather the fact that even the "biggest hits" were not big enough. "The titles, though big, were not big in the context of our core intellectual properties at 2K and Rockstar," the CEO is quoted as saying. Take-Two does not see itself as a "long tail company" but as a "top ten hit maker" and Private Division would not fit into that strategy. Incidentally, the sale of Private Division was not mentioned in last quarter's press release.

Karl Slatoff, President, said Q2 Fiscal Year 2025 Conference Call: "In addition, we recently made the strategic decision to sell our Private Division label to focus our resources on growing our core and mobile businesses for the long-term. As part of this transaction, the buyer purchased our rights to substantially all of Private Division's live and unreleased titles. (...) We are grateful for the contributions that the Private Division team has made to our company and are confident that they will continue to achieve success in their new home."

No Rest for the Wicked, which is being developed by Moon Studios in Austria and launched in Early Access on PC in April 2024, will become part of Take-Two Interactive's portfolio.

Two representatives of the publisher have confirmed to GI.biz that Roll7 (OlliOlli) and Intercept Games (Kerbal Space Program 2) were closed before Private Division was sold. The buyer is to be announced "soon".

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Never miss anything from the German, Swiss and Austrian games industry again: subscribe for free to our Daily newsletter and get all news straight to your inbox.