Summary
Former Annapurna Interactive employees have acquired Private Division, a studio previously under Take-Two Interactive's ownership. This follows the departure of most Annapurna Interactive staff in September 2024 after negotiations with CEO Megan Ellison failed.
Annapurna Interactive, known for publishing acclaimed games like Stray, Kentucky Route Zero, and What Remains of Edith Finch, experienced a significant upheaval in 2024. Private Division, established in 2017, was sold by Take-Two Interactive in November 2024, resulting in widespread layoffs. The buyer remained anonymous until now.
According to Jason Schreier, Haveli Investments, an Austin-based private equity firm, is the undisclosed buyer. Haveli and the former Annapurna staff have reportedly partnered to manage Private Division's remaining titles, including Tales of the Shire (March 2025 release), Kerbal Space Program, and an unannounced Game Freak project.
Private Division's Transformation Reflects Industry Trends
The mass exodus from Annapurna Interactive in September 2024 stemmed from failed negotiations with Megan Ellison. While Haveli's acquisition saved roughly twenty Private Division employees, further layoffs are anticipated to integrate the Annapurna team. The new studio's name, future direction, and plans for new IP remain uncertain.
This merger highlights the current instability in the gaming industry. Years of widespread layoffs and studio closures have created a climate where one group of displaced workers absorbs another. This reflects a ruthless industry trend driven by investor hesitancy towards high-risk, large-scale projects.
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