Take-Two Interactive Announces Secondary Offering of 2,830,084 Shares

Take-Two Interactive Software, Inc. has announced the pricing of a secondary offering of 2,830,084 shares of its outstanding common stock held by Embracer Group AB. The shares were priced at $154.50 per share, issued to the selling shareholder on June 11, 2024, in connection with the closing of the company’s acquisition of the Gearbox Entertainment Company, Inc. This offering is solely a resale of secondary shares currently issued and outstanding, and Take-Two will not receive any proceeds from the sale of common stock in the offering.

Goldman Sachs & Co. LLC is the sole underwriter for the offering, which is expected to close on June 14, 2024, subject to customary closing conditions. The offering of these securities is being made pursuant to Take-Two’s effective shelf registration statement (including a prospectus) on Form S-3 previously filed with the Securities and Exchange Commission ("SEC") on June 11, 2024.

Take-Two Interactive Software, Inc. is a leading developer, publisher, and marketer of interactive entertainment for consumers globally. The company develops, operates, and publishes products principally through Rockstar Games, 2K, Private Division, and Zynga. The company’s common stock is publicly traded on NASDAQ under the symbol TTWO.

It is important to note that this press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale will be made only by means of Take-Two’s prospectus supplement and prospectus forming part of the effective registration statement relating to these securities. Today the company's shares have moved 0.8% to a price of $158.96. If you want to know more, read the company's complete 8-K report here.

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