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

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

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

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

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 Annapurna Interactive staff - who departed the acclaimed video game publisher last September as part of a "mass

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 ).