Take-Two has sold off its indie label Private Division to an unknown buyer, citing a need to "focus [its] resources on growing [its] core and mobile businesses for the long-term".
In a set of prepared remarks accompanying Take-Two's latest financial results, company president Karl Slatoff says that the transaction involved the mystery buyer "purchas[ing Take-Two's] rights to substantially all of Private Division's live and unreleased titles".
It looks like Early Access action RPG No Rest for the Wicked, which was released back in April, wasn't included in that transaction, though, because Slatoff says that Take-Two "will continue to support" the game. He concludes by thanking Private Division for its "contributions" to Take-Two.
Private Division's fate has been uncertain for some time. When Take-Two laid off 5% of its workforce back in April, a Bloomberg report noted that many of the workers who would lose their jobs as part of that layoff wave were Private Division employees.
Later, in May, evidence began to pile up that Take-Two had shuttered the developers of Kerbal Space Program 2 and Rollerdrome, both of which were games published by Private Division. Take-Two itself, however, denied shutting down those studios....
