Take-Two's formerly owned Private Division Studios will now be run by Annapurna Interactive ex-employee, with some expected layoffs to follow as well

Take-Two Interactive, publisher of the blockbuster franchise Grand Theft Auto, sold its indie label Private Division for an undisclosed price to an unnamed

The former staffers of the independent video-game publisher Annapurna Interactive, who resigned abruptly last summer following an acrimonious power struggle, will be taking over the portfolio of a past rival, which will be laying off some of its employees.

Former staffers from troubled publisher Annapurna Interactive enter an agreement to take over the operations of studio Private Division.

In a fairly exciting case of two major industry stories meeting in the middle, former members of downfallen indie

Last year saw the entire Annapurna Interactive workforce resign following a dispute with owner Megan Ellison. Four months on, Bloomberg has reported that the former staff members have formed a new company and have picked up the entire Private Division portfolio (thanks, GamesIndustry.biz ).