Take-Two Interactive Software, Inc. Announces Secondary Offering of Common Stock by Embracer Group AB

NEW YORK, June 12, 2024–(BUSINESS WIRE)–Take-Two Interactive Software, Inc. (NASDAQ: TTWO) (the “Company” or “Take-Two”) today announced an underwritten secondary public offering of 2,830,084 shares of its common stock in circulation held by Embracer Group AB (the “Selling Shareholder”), which were issued to the Selling Shareholder on June 11, 2024 in connection with the closing of the Company’s acquisition of The Gearbox Entertainment Company, Inc.

The offering consists solely of a resale of currently issued and outstanding secondary shares, and Take-Two will not receive any proceeds from the sale of common shares in the offering.

Goldman Sachs & Co. LLC is the sole underwriter of the offering.

The offering of these securities is being made pursuant to Take-Two’s current shelf registration statement (including a prospectus) on Form S-3 previously filed with the Securities and Exchange Commission (“SEC”) on June 11. 2024. Before investing, you should read the prospectus included in the shelf registration statement and other documents that Take-Two has filed with the SEC and incorporated by reference into this shelf registration statement for more complete information on Take-Two, its common stock and the offering. A copy of the prospectus and associated prospectus supplement relating to the offering may be obtained, when available, from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by calling (866) 471-2526, by fax at (212) 902-9316 or by email at [email protected] or by visiting the EDGAR database on the website SEC web at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale will be made only by means of the prospectus supplement and Take-Two’s prospectus forming part of the then effective registration statement relating to such securities.

About Take-Two Interactive Software

Headquartered in New York, Take-Two is a leading developer, publisher and distributor of interactive entertainment for consumers around the world. The Company develops, operates and publishes products primarily through Rockstar Games, 2K, Private Division and Zynga. Our products are currently designed for console, PC and mobile gaming systems, including smartphones and tablets, and are delivered via physical retail, digital download, online platforms and streaming services in the cloud. The Company’s common stock is listed on NASDAQ under the symbol TTWO.

All trademarks and copyrights contained herein are the property of their respective owners.

Caution Regarding Forward-Looking Statements

Statements contained herein that are not historical facts are considered forward-looking statements under the federal securities laws and may be identified by words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “potential”, “predicts”, “projects”, “seeks”, “should”, “will” or words of similar meaning and include , without limitation, statements regarding the prospects of our future business and financial performance. These forward-looking statements are based on our management’s current beliefs and assumptions and information currently available to it, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual results may differ materially from these forward-looking statements based on a variety of risks and uncertainties, including risks related to doing business internationally, including due to unanticipated geopolitical events; the impact of changes in interest rates by the Federal Reserve and other central banks, including on our short-term investment portfolio; the impact of inflation; volatility of foreign currency exchange rates; our dependence on key management and product development personnel; our dependence on our NBA 2K And Grand Theft Authoro the products and our ability to develop other successful titles; our ability to take advantage of opportunities on PlayStation®5 and Xbox Series X|S; factors affecting our mobile business, such as player acquisition costs; the timely release and significant market acceptance of our games; and the ability to maintain acceptable pricing levels on our games.

Other important factors and information are contained in the Company’s most recent Annual Report on Form 10-K, including the risks summarized in the section entitled “Risk Factors” and in the Company’s other periodic filings with of the SEC. All forward-looking statements are qualified by these cautionary statements and speak only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

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Contacts

(Investor Relations)
Nicole Shevins
Senior Vice President
Investor relations and corporate communications
Take-Two Interactive Software, Inc.
(646) 536-3005
[email protected]

(Corporate press)
Alan Lewis
vice-president
Corporate Communications and Public Affairs
Take-Two Interactive Software, Inc.
(646) 536-2983
[email protected]