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The last time Gearbox was trying to sell (before Embracer got them) it was reported that Microsoft was interested but only if Randy stepped down, that the final deal fell through because Randy didn't want to step down.

Honestly, I see their point, Randy is a toxic bellend and an idiot, God he'd be so out of place in Microsoft, I honestly wouldn't want them to acquire Gearbox for multiple reasons, Randy being one of them but also, while I'm a huge fan of Borderlands, it's pretty much Gearbox's only relevant IP nowadays and since Take-Two owns the publishing for it, their cost feels more than their worth.

Imo, if any publisher were to acquire them it makes most sense to be Take-Two.