Take-Two Interactive Software Inc - TTWO STOCK NEWS

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.

Take-Two Interactive Software (NASDAQ: TTWO) announces that Grand Theft Auto V and GTA Online are now available digitally on PlayStation 5 and Xbox Series S|X. The games are priced at $9.99 and $19.99 respectively until June 14, 2022, with a free standalone version of GTA Online. Enhanced features include ray tracing, improved textures, and faster loading times. Players can transfer progress from previous consoles and access exclusive new content. Rockstar Games has solidified its reputation with over 350 million units sold in the Grand Theft Auto series.

WWE 2K22, developed by Visual Concepts, is the latest release in the WWE video game franchise, featuring enhanced graphics, redesigned game mechanics, and various game modes. Celebrating Rey Mysterio's 20th anniversary, it is now available on multiple platforms, including PS4, PS5, Xbox One, Xbox Series X|S, and PC. The game showcases new modes like MyGM, MyFACTION, and a comprehensive Creation Suite. While the game is priced between $59.99 and $119.99, it includes pre-order bonuses and a variety of editions for players.

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.