News Take-Two Has Sold Its Private Division Subsidiary to an Unnamed Buyer

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Take-Two Interactive has sold its Private Division subsidiary to an unnamed buyer. Here are the key details:

1. The sale includes the Private Division label and all of its live and unreleased titles.
2. Take-Two will continue to support Moon Studios' action RPG "No Rest for the Wicked," which launched in Early Access on PC in April 2024.
3. The buyer's identity remains undisclosed, but Take-Two CEO Strauss Zelnick mentioned it will be revealed "relatively soon."
4. This strategic decision allows Take-Two to focus on its core AAA and mobile businesses.
5. Zelnick explained that while Private Division's projects were successful, they were smaller in scale, and Take-Two aims to concentrate on "making great big hits."
6. The sale follows earlier reports from June about potential closure or sale of Private Division, as well as the closure of studios Roll7 and Intercept Games.

This move aligns with Take-Two's strategy to prioritize larger projects and its strongest intellectual properties in the interactive entertainment business.

Zelnick on Private Division sale: "Those projects were smaller, we're in the business of big hits"

Take-Two Interactive has confirmed the sale of Private Division for an undisclosed sum, as it drops the indie-focused p…

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