Take-Two Interactive Software Inc - TTWO STOCK NEWS

Zynga Inc. (NASDAQ: ZNGA) has completed the 'go-shop' period under its merger agreement with Take-Two Interactive Software (NASDAQ: TTWO). The agreement now enters a 'no-shop' phase, limiting Zynga's ability to seek alternative acquisition proposals. The antitrust waiting period has also expired, and Zynga's Board believes the merger is beneficial for its shareholders. The company expects the acquisition to finalize in the first quarter of Take-Two's Fiscal Year 2023, pending stockholder and regulatory approvals.

WWE and Take-Two Interactive have announced a partnership with SNICKERS as Presenting Partners for WrestleMania 38, scheduled for April 2-3, 2022, at AT&T Stadium, Dallas. This marks the first dual Presenting Partner arrangement in WrestleMania history. The partnership will feature extensive marketing campaigns across multiple platforms, including WWE's flagship programs and digital content. Key figures from both companies emphasize the excitement this collaboration will bring to WWE fans.

OlliOlli World has launched digitally on various platforms, including Nintendo Switch, PlayStation 5, Xbox Series X|S, and PC. Developed by award-winning studio Roll7, this installment of the OlliOlli franchise promises vibrant graphics and smooth gameplay. The game features a unique quest for mystical skate gods, extensive customization, and multiplayer modes. Priced at $29.99, the deluxe Rad Edition costs $44.99 and includes expansions. The game has received high praise from critics, affirming its fun and engaging nature, marking an exciting chapter for Roll7 under Private Division.

Take-Two Interactive Software (TTWO) reported strong Q3 fiscal 2022 results, with GAAP net revenue up 5% to $903.3 million. GAAP net income was $144.5 million ($1.24 per diluted share). The company raised its Net Bookings outlook for FY2022 to between $3.37 billion and $3.42 billion. Digital revenue increased 7% to $795.7 million, constituting 88% of total revenue. Recurrent consumer spending was flat at 61% of total revenue. Cash and short-term investments stood at $2.5 billion.

Take-Two Interactive has announced the upcoming release of WWE 2K22, scheduled for March 11, 2022. This latest installment, featuring Rey Mysterio on the cover, incorporates a redesigned game engine, enhanced graphics, and new gameplay modes, catering to player feedback. The game offers four editions, with prices ranging from $59.99 to $119.99. Pre-orders are now available, including exclusive bonuses like the Undertaker Immortal Pack. The announcement emphasizes Take-Two's commitment to delivering a rich gaming experience, aiming to enhance player engagement.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) will report its financial results for Q3 FY2022, ending December 31, 2021, on February 7, 2022, after market close. A conference call to discuss the results will occur at 4:30 PM ET, accessible via a dial-in process. The earnings announcement will provide insights into the company's performance and business growth, with results available via a live webcast. Take-Two is a leading developer and publisher of interactive entertainment, known for franchises under Rockstar Games and 2K.

Take-Two Interactive has agreed to acquire Zynga for $9.86 per share, comprising $3.50 in cash and $6.36 in Take-Two stock, indicating a 64% premium over Zynga’s price on January 7, 2022. This acquisition enhances Take-Two’s position in the mobile gaming sector, creating one of the largest global interactive entertainment companies with a $12.7 billion enterprise value. The deal is expected to result in approximately $100 million in annual cost synergies and over $500 million in potential net bookings opportunities. Completion is anticipated in Q1 of Take-Two’s FY 2023.

OlliOlli World, developed by Roll7 and published by Private Division, is now available for pre-order, launching on February 8, 2022. The game will be released digitally across platforms including PlayStation®5, Xbox Series X|S, PC, and Nintendo Switch™. Pre-ordering grants players exclusive cosmetic items like the Bunnylord Head and Hero T-Shirt. The Rad Edition features the base game and two upcoming story expansions. The gameplay emphasizes flow-state mechanics within a vibrant world called Radlandia, with extensive customization options and multiplayer modes to enhance user engagement.

Rockstar Games, a label of Take-Two Interactive (NASDAQ: TTWO), has launched GTA Online: The Contract, now free for players of Grand Theft Auto V on PlayStation 4, Xbox One, and PC. This update features an interactive story where players assist protagonist Franklin Clinton in recovering lost music from Dr. Dre. The release includes exclusive tracks and a new radio station, enhancing the gaming experience. This update marks a continuation of GTA Online's success, which has seen record player numbers since its initial release.