The games published under Private Division, Take-Two Interactive’s former indie label, are under new management. Bloomberg reports that the former employees of Annapurna Interactive have formed a new, as-yet-unnamed company that will take over Private Division’s games portfolio.

Last year, Take-Two sold off the indie label to a then unnamed buyer that Bloomberg reports is Haveli Investments, a private equity firm based in Texas. Also last year, the staff at Annapurna Interactive, the games arm of the Annapurna Pictures media company, resigned en masse sparking questions about the fate of its own portfolio of games. The resignations came after negotiations to spin off Annapurna Interactive into its own independent company apparently broke down. Annapurna’s former employees have come together with Haveli Investments to form a new company and Bloomberg reports that Private Division’s existing employees will face layoffs but the details are currently unclear.

The new company will oversee Private Division’s existing and in-development titles including the Lord of the Rings-meets-Animal Crossing game Tales of the Shire, due out in March, and Pokémon developer Game Freak’s forthcoming game codenamed Project Bloom.