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

NEW YORK–(BUSINESS WIRE)–Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced an underwritten public secondary offering of 2,830,084 shares of its outstanding common stock held by Embracer Group AB, 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 is solely a resale of secondary shares currently issued and outstanding, and Take-Two will not receive any proceeds from the sale of common stock in the offering.

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

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 an 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 Take-Two’s prospectus supplement and prospectus forming part of the effective registration statement relating to these securities.

About Take-Two Interactive Software

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