Summary
Former Annapurna Interactive employees have acquired Private Division, a studio previously owned by Take-Two Interactive. The majority of Annapurna Interactive's workforce departed in September 2024 following failed negotiations with Annapurna Pictures CEO Megan Ellison.
Following a significant restructuring in 2024, Annapurna Interactive, known for publishing acclaimed titles such as Stray, Kentucky Route Zero, and What Remains of Edith Finch, saw its staff transition.
Private Division, established in 2017, was sold by Take-Two Interactive in November 2024. The buyer remained anonymous, resulting in widespread layoffs.
According to Jason Schreier, Haveli Investments, an Austin-based private equity firm, is the alleged buyer. Haveli and the former Annapurna staff have reportedly partnered to manage Private Division's remaining projects, including Tales of the Shire (March 2025 release), Kerbal Space Program, and an unannounced Game Freak title.
Private Division's Restructuring Reflects Industry Trends
The departure of most Annapurna Interactive employees in September 2024 followed a breakdown in negotiations with CEO Megan Ellison. While Haveli's acquisition retained roughly twenty Private Division employees, further layoffs are expected to accommodate the incoming Annapurna team. The new entity's name, future direction, and IP acquisition plans remain undisclosed.
This merger highlights the volatile gaming industry, characterized by substantial layoffs and studio closures in recent years. The integration of two groups of displaced game developers underscores the industry's aggressive approach, driven by investor hesitancy towards high-risk, large-scale projects.
