In 2021, Embracer Group purchased Borderlands developer Gearbox Software for approximately $1.3 billion. The acquisition was one of a number made by Embracer over the last two years, but a lot has changed in that time. After a reported $2 billion deal fell through, companies owned by Embracer Group have been hit with layoffs and closures. Embracer is reportedly looking to sell off Gearbox as part of a wider restructuring effort, and some have speculated that Take-Two might be interested.
As Zelnick notes, Take-Two has a long history of working with Gearbox, and would seem to be a perfect match; Borderlands is even featured prominently on the Take-Two website! While it would seem like a completely logical business decision, there's no way of knowing whether it will actually happen.