Private Division Portfolio Reportedly Finds New Owner
According to a media report, the Private Division portfolio has found new owners in private equity firm Haveli Investments and former Annapurna Interactive employees.
Take-Two Interactive announced in November 2024 that it had sold Private Division and its portfolio, but didn't disclose the buyer. According to a Bloomberg media report via VGC, the buyer was the US private equity firm Haveli Investments. Haveli plans to launch a new company with former employees of game publisher Annapurna Interactive. Last summer, the entire Annapurna Interactive team, led by president Nathan Gary, resigned after spin-off talks with the company's owners failed (GamesMarkt reported).
According to the report, the new company will take over the Private Division portfolio, which includes Tales of the Shire: A Lord of The Rings from Weta Workshop, which is due for release on 25 March 2025, an unannounced title from Game Freak and the Kerbal Space Program franchise. The future of Kerbal Space Program 2 is still unclear; at the moment it looks like the game has been abandoned. No Rest for the Wicked, developed by Moon Studios and published by Private Division, is moving to the Take-Two Interactive portfolio. It has also been claimed that Private Division employed around 20 people when it was acquired by Haveli, some of whom will be made redundant as part of the new plans.
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