Take-Two Interactive Software Stock Price, News & Analysis

Private Division and Roll7 have launched OlliOlli World: VOID Riders, a new expansion for the popular skateboarding game, now available on multiple platforms including PlayStation, Xbox, Nintendo Switch, and PC. This expansion introduces new characters, challenges, and customization options, enhancing the gaming experience. Priced at $9.99, it can be purchased individually or as part of the Rad Edition for $44.99, which includes additional content. The expansion aims to engage players with quirky alien themes and innovative gameplay mechanics.

2K and Supermassive Games have launched The Quarry, a teen-horror narrative game, now available worldwide on various platforms including PS5, PS4, Xbox Series X|S, Xbox One, and PC via Steam. Players control nine teenage counselors at Hackett's Quarry, where every choice has consequences. The game features a star-studded cast and innovative storytelling. A free trial of the prologue is available. The game is offered in Standard Edition for $59.99 and Deluxe Edition for $69.99 to $79.99, with unique features tailored for different experiences.

Marvel's Midnight Suns is now available for pre-order, launching on October 7, 2022. Developed by Firaxis Games, this tactical RPG explores the darker side of the Marvel Universe. Players will lead a unique team, including iconic heroes like Doctor Strange and Iron Man, to combat Lilith and her demonic forces. The game will be available on multiple platforms including PlayStation 5, Xbox Series X|S, and Windows PC. Various editions are offered, ranging from $59.99 to $99.99, with a Season Pass for post-launch content.

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.

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.

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.

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.

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.

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.