Take-Two Interactive closes 2K China

Decided Borderlands Online "would not yield a favorable return on investment"

By Rachel Weber.Published Friday 6th November 2015, 5:22pm GMT

Take-Two Interactive has confirmed its closing its 2K China studio following the cancellation of Borderlands Online. The Shanghai studio and offices were home to around 150 members of staff.

"We are excited about the opportunities to expand our business in Asia, and we remain committed to delivering triple-A offerings for that region. At this time, we can confirm that we are closing 2K China," A Take-Two spokesperson told GamesIndustry.biz.

Article continues below

Advert loading...

"We determined that the additional time required to finish current projects at the studio, particularly Borderlands Online, would not yield a favorable return on investment."

The company also clarified that this did not affect its office in Singapore, the NBA 2K Online team (based in Shanghai), or the testing facility in Chengdu

Yesterday Take-Two reported its latest earnings which showed better-than-expected results, with GAAP net revenue growing 175 per cent to $347 million and net income totaling $54.7 million.

Article continues below

Advert loading...

"We are working with affected staff to identify other opportunities within the company where possible," the statement continued.

"The costs associated with the closure will not materially impact the company's financial results. This decision does not affect our team behind NBA 2K Online, which has been and continues to be highly successful for our company. In addition, we look forward to the commercial launch of Civilization Online in Korea during this fiscal year."

Read article on GamesIndustry.biz