Take-Two Interactive Software, Inc. (Take-Two), a leading developer, publisher, and marketer of interactive entertainment, has announced the sale of 2,830,084 shares of its common stock by a selling shareholder. The shares were initially issued as part of a purchase agreement related to Take-Two's acquisition of The Gearbox Entertainment Company, Inc. The selling shareholder, Embracer Group AB, is offering the shares through a prospectus supplement filed with the SEC. Take-Two will not receive any proceeds from the sale of the common stock, which is listed on the Nasdaq Global Select Market under the symbol 'TTWO.' The last reported sales price of Take-Two's common stock was $158.51 per share as of June 11, 2024. The sale is expected to...Show More

Take-Two Interactive Software, Inc. (Take-Two), a leading developer, publisher, and marketer of interactive entertainment, has announced the sale of 2,830,084 shares of its common stock by a selling shareholder. The shares were initially issued as part of a purchase agreement related to Take-Two's acquisition of The Gearbox Entertainment Company, Inc. The selling shareholder, Embracer Group AB, is offering the shares through a prospectus supplement filed with the SEC. Take-Two will not receive any proceeds from the sale of the common stock, which is listed on the Nasdaq Global Select Market under the symbol 'TTWO.' The last reported sales price of Take-Two's common stock was $158.51 per share as of June 11, 2024. The sale is expected to be completed through various methods, including block trades, ordinary brokerage transactions, and potentially private sales. The selling shareholder may also sell the shares under Rule 144 or other exemptions from registration. The sale is part of Take-Two's obligations under the purchase agreement and is expected to be completed on or about June 14, 2024.