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Spade said:

Guessing Take Two will swoop in, very much doubt MS given the Activision case.

The rumour was that Microsoft was interested in Gearbox at first but they didn't want Randy, Lmao.

There's also the issue of Take-Two having publishing rights to Borderlands and first rights of refusal on the IP.

So yeah, Take-Two makes the most logical sense to just bring Gearbox in-house finally.