Take-Two confirms the sale of publisher Private Division and closure of Intercept Games and Roll7
After claiming earlier this year that Intercept Games and Roll7 had not been shuttered, Take-Two CEO Strauss Zelnick has confirmed that the studios have been closed and that it has also sold its publishing label, Private Division.
The details:
Back in May, it was reported that major cuts had been made at Private Division, a Take-Two publishing label focused on indie releases. It was then claimed that as part of the restructuring, both Olli Olli developer Roll7 and Kerbal Space Program studio Intercept Games had been closed, with employees taking to social media to share the news. However, Zelnick stated that this was not the case, and that both studios remained operational.
Six months later, as part of Take-Two's Q2 2025 earnings report, Zelnick confirmed that Private Division had been sold to an undisclosed buyer for an unknown sum. “We recently made the strategic decision to sell [the] label to focus our resources on growing our core and mobile businesses for the long-term," Zelnick said. "As part of this transaction, the buyer purchased our rights to substantially all of Private Division's live and unreleased titles."
Speaking with GamesIndustry.biz, Zelnick explained the reasoning behind the decision to reduce the publisher's staff to a skeleton crew and sell it entirely, stating that Take-Two is "in the business of making great big hits." "The team of Private Division did a great job supporting independent developers and, almost to a one, every project they supported did well," the CEO said. "However, the scale of those projects was, candidly, on the smaller side, and we're in the business of making great big hits."
A Take-Two spokesperson has also confirmed that both Roll7 and Intercept have shut down, and that the closures occurred before the sale of Private Division. While it has not been confirmed when both studios were shuttered, it is possible that the plan was in place when Zelnick initially denied the closures.
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