New York, June 12, 2024–(BUSINESS WIRE)–Take-Two Interactive Software, Inc. (NASDAQ: TTWO) (the “Company” or “Take-Two”) today announced the pricing of its underwritten public offering of 2,830,084 of its outstanding common shares held by Embracer Group AB, Inc. (the “Selling Stockholders”) at $154.50 per share. The shares were issued to the Selling Stockholders on June 11, 2024 in connection with the closing of the Company’s acquisition of The Gearbox Entertainment Company, Inc. The offering is solely a resale of currently issued and outstanding secondary shares, and Take-Two will not receive any proceeds from the sale of the common shares in the offering. The offering is expected to close on June 14, 2024, subject to customary closing conditions.
Goldman, Sachs & Co. LLC is acting as the sole underwriter for the offering.
The offering of these securities is being made pursuant to Take-Two’s effective shelf registration statement on form S-3, including a prospectus, filed with the U.S. Securities and Exchange Commission (SEC) on June 11, 2024. Before investing, you should read the prospectus contained in the shelf registration statement and other documents filed by Take-Two with the SEC and incorporated by reference into the shelf registration statement for more complete information about Take-Two, its common stock, and the offering. Copies of the prospectus and related prospectus supplement relating to the offering, when available, may be obtained from Goldman, Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone (866) 471-2526, facsimile (212) 902-9316, email to prospectus-ny@ny.email.gs.com, or by accessing the EDGAR database on the SEC’s website at www.sec.gov.
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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale shall be made only by means of Take-Two’s prospectus supplement and prospectus, which form a part of the effective registration statement relating to these securities.
About Take-Two Interactive Software
Headquartered in New York City, Take-Two is a leading developer, publisher and distributor of interactive entertainment for consumers worldwide. The company develops, operates and publishes products principally through Rockstar Games, 2K, Private Division and Zynga. The company’s products are currently designed for console gaming systems, PCs and mobile, including smartphones and tablets, and are delivered through physical stores, digital downloads, online platforms and cloud streaming services. The company’s common stock is publicly traded on NASDAQ under the symbol TTWO.
All trademarks and copyrights contained herein are the property of their respective owners.
Caution Regarding Forward-Looking Statements
Any statements contained herein that are not historical facts are deemed to be forward-looking statements under the federal securities laws and may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “potential,” “project,” “project,” “seek,” “should,” “will,” or words of similar meaning, including, but not limited to, statements regarding the outlook for the Company’s future operations and financial performance. Such forward-looking statements are based on the current beliefs of the Company’s management, assumptions made by and information currently available to management, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual results and outcomes may differ materially from these forward-looking statements based on a variety of risks and uncertainties, including, but not limited to, risks associated with conducting international operations as a result of unanticipated geopolitical events, the effects of interest rate changes by the Federal Reserve and other central banks, including the impact on the Company’s short-term investment portfolio, the effects of inflation, fluctuations in foreign currency exchange rates, dependence on key management and product development personnel, NBA 2K and grand theft autoo our ability to develop products and other hit titles, our ability to capitalize on opportunities with PlayStation®5 and Xbox Series X|S, factors affecting our mobile business, including player acquisition costs, the timely release and significant market acceptance of our games, and our ability to maintain pricing levels for our games within acceptable ranges.
Other important factors and information are contained in the Company’s most recent Annual Report on Form 10-K, including the risks summarized in the section entitled “Risk Factors”, and other periodic reports the Company files with the SEC. All forward-looking statements are qualified by these cautionary statements and apply only as of the date the statements are made. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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contact address
(Investor relations activities)
Nicole Shevins
Senior Vice President
Investor Relations and Corporate Communications
Take-Two Interactive Software, Inc.
(646) 536-3005
nicole.shevins@take2games.com
(Corporate Press)
Alan Lewis
vice president
Corporate Communications & Public Relations
Take-Two Interactive Software, Inc.
(646) 536-2983
Alan Lewis@take2games.com
