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Take-Two Sold Private Division: Who Bought the Label and What Happened to Its Games?

Take-Two completed the sale of Private Division in 2024. Its announcement left the buyer and price undisclosed; later reporting identified Haveli Investments.
From TheFinanceBase Team2 min to read
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Take-Two Interactive announced in November 2024 that it had sold its Private Division publishing label. The sale is complete, not still in progress. Take-Two said the move would let it focus resources on its core and mobile businesses; its announcement did not name the buyer or disclose a price.

Who bought Private Division?

Take-Two did not identify the buyer when it announced the sale in November 2024. In January 2025, Gematsu reported Bloomberg’s identification of private-equity firm Haveli Investments as the buyer. The report said Haveli would fund a new company run by former Annapurna Interactive staff to distribute former Private Division titles, and that the company did not yet have a name at the time. The available reporting does not establish the successor publisher’s current legal name or operating status.

That buyer identification comes from reporting, not from Take-Two’s announcement. The announcement also did not disclose a sale price, and the January report did not provide a deal value.

Why did Take-Two sell the label?

Take-Two said the strategic decision would allow it to focus resources on its core and mobile businesses. On the November 6, 2024 investor call, CEO and chairman Strauss Zelnick explained that Private Division’s games were smaller in scale than the company’s largest franchises: “The titles, though big, were not big in the context of our core intellectual properties at 2K and Rockstar.” That is management’s rationale for the sale, not an independent assessment of the games’ quality or commercial performance.

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What transferred, and what did Take-Two keep?

Take-Two said the buyer purchased rights to “substantially all” of Private Division’s live and unreleased titles. That wording does not establish that every game or all intellectual property transferred. Take-Two specifically said it would continue supporting Moon Studios’ No Rest for the Wicked, which entered PC Early Access in April 2024.

Private Division’s portfolio context included The Outer Worlds, Kerbal Space Program 2, OlliOlli World, Rollerdrome, Hades and the then-upcoming Tales of the Shire. These are examples associated with the label, not a definitive list of what remained in the portfolio after the transaction. Take-Two’s September 2025 proxy materials later said independent titles had been removed from its announced pipeline following the sale.

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Did the sale mean the studios closed?

Reporting around the transaction said Roll7 and Intercept Games had closed before the label was sold. Their reported closures preceded the sale; they should not be described as a consequence of the transaction. The deal was for the publishing label and rights to substantially all of its live and unreleased titles, not a statement that all associated studios were acquired or remained open.

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