Take-Two Interactive Software Inc - TTWO STOCK NEWS

Private Division, a publishing label of Take-Two Interactive (NASDAQ: TTWO), has acquired the London-based video game developer Roll7, known for the OlliOlli series. Roll7 is currently developing OlliOlli World, set to launch in Take-Two’s fiscal fourth quarter ending March 31, 2022. The acquisition aims to enhance Private Division's development capabilities and support Roll7's upcoming projects. The terms of the deal were not disclosed. This marks an important step in expanding Private Division's portfolio of creative talent in the gaming industry.

Rockstar Games, a label of Take-Two Interactive Software (NASDAQ: TTWO), has launched Grand Theft Auto: The Trilogy – The Definitive Edition for digital platforms including PlayStation 5, Xbox Series X|S, Nintendo Switch, and PC. This release celebrates the 20th anniversary of Grand Theft Auto III and features enhanced graphics and controls across the trilogy's iconic titles: Grand Theft Auto III, Vice City, and San Andreas. Physical copies will be available starting December 7, 2021.

Tiny Tina’s Assault on Dragon Keep™: A Wonderlands One-Shot Adventure has been released as a standalone title, now available for $9.99 on multiple platforms, including Xbox, PlayStation, and PC. Players can also claim it for free on the Epic Games Store until November 16. Originally released in 2013, this title is praised for its gameplay and storytelling. The standalone version includes new loot and cosmetics. Additionally, Tiny Tina’s Wonderlands is set to launch on March 25, 2022, and is available for pre-order.

2K has acquired elite3d, a premier creative studio in Valencia, Spain, expanding its global footprint and enhancing its Global Services division. The acquisition will establish a new office for 31st Union and a 2K Publishing location. Both studios aim to support ongoing AAA projects and leverage elite3d's expertise in 2D and 3D artwork. Additionally, 2K has acquired TURIA GAMES, co-founded by elite3d's founders, enhancing collaborative efforts in game development.

Take-Two Interactive Software (NASDAQ: TTWO) announced that its Chairman and CEO, Strauss Zelnick, will present at the Jefferies Virtual Global Interactive Entertainment Conference on November 11, 2021, at 10:30 a.m. Eastern Time. A link to the live webcast will be available on the company's website. Take-Two, based in New York City, is a prominent developer and publisher of interactive entertainment products, including popular titles from Rockstar Games and 2K. For more details, visit ir.take2games.com.

Take-Two Interactive (NASDAQ:TTWO) reported a 2% increase in GAAP net revenue to $858.2 million for Q2 FY2022. Net income dropped to $10.3 million, or $0.09 per diluted share, compared to $99.3 million last year. Net Bookings rose 3% to $984.9 million, driven mainly by NBA® 2K22 and Grand Theft Auto® franchises. The company raised its Net Bookings outlook for FY2022 to between $3.3 and $3.4 billion. Cash and short-term investments stood at $2.3 billion. Despite an impairment charge of $53 million due to halting an unannounced title, management remains optimistic about future growth.

The PGA TOUR® 2K21 Baller Edition has launched globally, featuring extensive bonus content for golf gamers. Available for $79.99, this edition includes the base game, all previously released DLC, and exclusive packs such as the 2K/adidas CODECHAOS MyPLAYER Pack. A Baller Pack for existing players costs $24.99. Monthly multiplayer courses will be created by international content creators, enhancing the gaming experience. The game has sold over 2.5 million units since launch, marking significant success for Take-Two Interactive.

Take-Two Interactive Software (NASDAQ: TTWO) will report its Q2 fiscal 2022 financial results, ending September 30, 2021, post-market on November 3, 2021. A conference call for discussing these results will take place at 4:30 p.m. ET, accessible via phone or a live webcast.

Take-Two is a prominent developer and publisher of interactive entertainment, operating renowned brands like Rockstar Games and 2K. The company provides products across various platforms, focusing on delivering engaging gaming experiences worldwide.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) held its Annual Meeting of Stockholders, where the following directors were elected: Strauss Zelnick (Chairman), Michael Dornemann, Roland Hernandez, J Moses, Michael Sheresky, LaVerne Srinivasan, Susan Tolson, and Paul Viera. Stockholders approved the non-binding advisory compensation of named executive officers and amended the 2017 Stock Incentive Plan to increase reserved shares. The appointment of Ernst & Young LLP as the independent accounting firm for the fiscal year ending March 31, 2022, was ratified.