Take-Two Interactive Software Stock Price, News & Analysis

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.

Take-Two Interactive Software (NASDAQ: TTWO) has announced a public offering of $2.7 billion in Senior Notes to fund the acquisition of Zynga Inc. This includes $1 billion of 3.300% notes due 2024, $600 million of 3.550% notes due 2025, $600 million of 3.700% notes due 2027, and $500 million of 4.000% notes due 2032. The offering's closing is expected on April 14, 2022, conditional upon customary closing conditions. Should the acquisition not finalize by January 9, 2023, Take-Two will need to redeem the Senior Notes.

2K and Gearbox Software have launched Tiny Tina’s Wonderlands®, a new fantasy looter shooter game available on multiple platforms including Xbox and PlayStation. Players create customizable heroes in an unpredictable world led by Tiny Tina, experiencing thrilling combat with various spells and weapons. The game has received positive early reviews, with Game Informer scoring it 9.5/10. Various editions are available, with prices ranging from $59.99 to $89.99. A cross-promotion with Fortnite includes exclusive in-game content for those purchasing through the Epic Games Store.

The Quarry, an interactive teen-horror narrative game by 2K and Supermassive Games, launches on June 10, 2022. Players navigate a story shaped by their choices, featuring Hollywood stars like David Arquette and Ariel Winter. The game will be available on multiple platforms including PlayStation 5, Xbox Series X|S, and Windows PC. With stunning cinematic visuals and multiplayer options, the game promises an engaging horror experience as players guide nine camp counselors through a night of terror at Hackett's Quarry.

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.