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Take-Two Interactive Software Inc - TTWO STOCK NEWS

Welcome to our dedicated page for Take-Two Interactive Software news (Ticker: TTWO), a resource for investors and traders seeking the latest updates and insights on Take-Two Interactive Software stock.

Take-Two Interactive Software Inc. (TTWO), headquartered in New York City, is a leading developer, marketer, and publisher of interactive entertainment for consumers globally. Founded in 1993, the company operates through its three wholly-owned labels: Rockstar Games, 2K, and Zynga.

Take-Two is renowned for its high-quality gaming franchises. Rockstar Games is best known for the Grand Theft Auto series, which has achieved unprecedented sales milestones, including reaching $1 billion in sales faster than any other entertainment release in history. 2K produces popular titles such as NBA 2K, Civilization, Borderlands, Bioshock, and XCOM. Zynga, a leader in the mobile gaming sector, offers widely-played titles like Farmville, Empires & Puzzles, and CSR Racing.

The company's innovative products are available across console systems, handheld gaming systems, and personal computers, including smartphones and tablets. These products are delivered through various channels including physical retail, digital downloads, online platforms, and cloud streaming services.

Take-Two's financial performance has been robust, characterized by record-breaking revenue, earnings, and cash flow. The company has set new standards within the entertainment industry, particularly during fiscal 2014, when digitally-delivered revenue reached its highest levels. Notable achievements include the success of Grand Theft Auto V, NBA 2K14, and Borderlands 2.

Take-Two continues to expand its portfolio and enhance its global footprint through strategic partnerships and acquisitions. The firm’s commitment to delivering immersive and innovative entertainment experiences keeps it at the forefront of the interactive entertainment industry.

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Rollerdrome will launch on August 16, 2022, for digital download on PlayStation 4, PlayStation 5, and PC. This single-player, third-person shooter combines fluid movement and stylish tricking with intense shooter action set in a dystopian future. Developed by Roll7, known for OlliOlli World, the game features a unique art style and an original soundtrack by Electric Dragon. It follows the character Kara Hassan as she competes in the brutal sport of Rollerdrome, aiming to become the champion while navigating a sinister political backdrop.

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Take-Two Interactive Software, Inc. announced that its subsidiary Zynga Inc. has initiated tender offers for the repurchase of outstanding 0.25% Convertible Senior Notes due 2024 and 0% Convertible Senior Notes due 2026. This action follows a recent merger transaction that constitutes a Fundamental Change under the Notes' indentures. Noteholders can require Zynga to repurchase their Notes at 100% of the principal amount plus accrued interest or convert them into shares of Take-Two common stock. The tender offers will expire on June 22, 2022.

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Take-Two Interactive Software (NASDAQ: TTWO) has officially completed its merger with Zynga, with Zynga stockholders receiving $3.50 in cash and 0.0406 shares of Take-Two stock per Zynga share. The merger aims to significantly boost mobile revenues, which is a rapidly growing sector in gaming, and to generate cost synergies. Both CEOs expressed excitement about combining their strengths to enhance creativity and operational execution. The merger is expected to enhance Take-Two’s financial profile through increased scale and profitability, ultimately benefiting shareholders.

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Take-Two Interactive Software (NASDAQ: TTWO) and Zynga (NASDAQ: ZNGA) announced stockholder approval for their merger at separate Special Meetings. The business combination is set to close on May 23, 2022, pending customary conditions, with Zynga shares ceasing to trade on May 20, 2022. Zynga stockholders will receive $3.50 in cash plus 0.0406 shares of Take-Two stock for each Zynga share. This merger aims to create a robust portfolio, enhancing both companies' positions in the gaming market and focusing on mobile games.

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Take-Two Interactive Software (TTWO) reported a 4% increase in GAAP net revenue to $3.50 billion for fiscal year 2022, with net income decreasing to $3.58 per diluted share from $5.09 the previous year. Fourth quarter GAAP net revenue rose 11% to $930 million, driven by popular franchises such as NBA 2K and Grand Theft Auto. However, total Net Bookings for the fiscal year declined 4% to $3.41 billion. The company forecasts a standalone Net Bookings range of $3.75 billion to $3.85 billion for fiscal 2023, aiming to enhance its portfolio and capitalize on its merger with Zynga.

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Take-Two Interactive Software, Inc. (NASDAQ: TTWO) will report its financial results for Q4 and fiscal year 2022 on May 16, 2022, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. ET, accessible via phone or webcast. The company is renowned for its interactive entertainment products and operates through subsidiaries like Rockstar Games and 2K. Investors and stakeholders are encouraged to tune into the call for insights into the company’s performance.

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Take-Two Interactive Software (NASDAQ: TTWO) has announced a public offering of $2.7 billion in Senior Notes to fund the acquisition of Zynga Inc. This includes $1 billion of 3.300% notes due 2024, $600 million of 3.550% notes due 2025, $600 million of 3.700% notes due 2027, and $500 million of 4.000% notes due 2032. The offering's closing is expected on April 14, 2022, conditional upon customary closing conditions. Should the acquisition not finalize by January 9, 2023, Take-Two will need to redeem the Senior Notes.

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2K and Gearbox Software have launched Tiny Tina’s Wonderlands®, a new fantasy looter shooter game available on multiple platforms including Xbox and PlayStation. Players create customizable heroes in an unpredictable world led by Tiny Tina, experiencing thrilling combat with various spells and weapons. The game has received positive early reviews, with Game Informer scoring it 9.5/10. Various editions are available, with prices ranging from $59.99 to $89.99. A cross-promotion with Fortnite includes exclusive in-game content for those purchasing through the Epic Games Store.

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The Quarry, an interactive teen-horror narrative game by 2K and Supermassive Games, launches on June 10, 2022. Players navigate a story shaped by their choices, featuring Hollywood stars like David Arquette and Ariel Winter. The game will be available on multiple platforms including PlayStation 5, Xbox Series X|S, and Windows PC. With stunning cinematic visuals and multiplayer options, the game promises an engaging horror experience as players guide nine camp counselors through a night of terror at Hackett's Quarry.

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Take-Two Interactive Software (TTWO) has signed four new publishing agreements under its Private Division label with independent developers including Die Gute Fabrik, Evening Star, Piccolo Studio, and Yellow Brick Games. These titles will enhance Private Division's portfolio, which includes popular franchises such as Kerbal Space Program and The Outer Worlds. The projects are currently in early development, with the first expected to launch in Fiscal Year 2024.

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FAQ

What is the current stock price of Take-Two Interactive Software (TTWO)?

The current stock price of Take-Two Interactive Software (TTWO) is $181.97 as of December 20, 2024.

What is the market cap of Take-Two Interactive Software (TTWO)?

The market cap of Take-Two Interactive Software (TTWO) is approximately 31.9B.

What is Take-Two Interactive Software Inc.?

Take-Two Interactive Software Inc. (TTWO) is a leading developer, marketer, and publisher of interactive entertainment for global consumers, headquartered in New York City.

What are Take-Two's main product labels?

Take-Two's main product labels are Rockstar Games, 2K, and Zynga.

Which popular video game franchises does Take-Two publish?

Take-Two publishes popular franchises such as Grand Theft Auto, NBA 2K, Civilization, Borderlands, Bioshock, and XCOM.

What platforms are Take-Two's games available on?

Take-Two's games are available on console systems, handheld gaming systems, personal computers, smartphones, and tablets.

How are Take-Two's products delivered to consumers?

Take-Two's products are delivered through physical retail, digital downloads, online platforms, and cloud streaming services.

What notable achievements has Take-Two accomplished?

Notable achievements include Grand Theft Auto V reaching $1 billion in sales faster than any other entertainment release in history, and NBA 2K14 enjoying the franchise’s strongest launch.

How has Take-Two performed financially in recent years?

Take-Two has achieved record-breaking revenue, earnings, and cash flow, particularly during fiscal 2014, driven by strong sales and high digitally-delivered revenue.

What mobile games does Zynga, a label of Take-Two, offer?

Zynga offers popular mobile games such as Farmville, Empires & Puzzles, and CSR Racing.

When was Take-Two Interactive founded?

Take-Two Interactive was founded in 1993.

What is the significance of Take-Two in the entertainment industry?

Take-Two is one of the world's largest independent video game publishers, known for delivering immersive and innovative entertainment experiences that set industry standards.

Take-Two Interactive Software Inc

Nasdaq:TTWO

TTWO Rankings

TTWO Stock Data

31.89B
173.09M
1.44%
99.57%
4.03%
Electronic Gaming & Multimedia
Services-prepackaged Software
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United States of America
NEW YORK