Take-Two Interactive to Spend $460 Million to Acquire Gearbox Entertainment From Embracer. Here's What Investors Need to Know. [Yahoo! Finance]
Take-Two Interactive Software, Inc. (TTWO)
Last take-two interactive software, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
In a $460 million contract, industry giant Take-Two Interactive (NASDAQ: TTWO) is buying Gearbox Entertainment from Swedish game-studio manager Embracer Group (OTC: THQQ.F) A lopsided deal? The Gearbox deal has a curious structure. Embracer is parting ways with the main Gearbox studios in Canada and Texas, along with hit titles in the Borderlands Duke Nukem Brothers In Arms , and Tiny Tina's Wonderlands game worlds. That's about two-thirds of Gearbox, in terms of employee headcount and the book value of games currently under development. But Embracer is holding on to a studio in San Francisco, formerly known as Perfect World Entertainment, and a handful of smaller groups. Perfect World manages massive multiplayer online (MMO) games under the Neverwinter Star Trek Online , and Champions Online franchises. Compared to Take-Two's incoming Gearbox operations, these retained assets collected 20% more revenues last year -- and Embracer's slice of Gearbox was profitable while the dive
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News
- Take-Two Interactive Software, Inc. (NASDAQ: TTWO) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $190.00 price target on the stock.MarketBeat
- Investors in Take-Two Interactive Software (NASDAQ:TTWO) have seen decent returns of 40% over the past five years [Yahoo! Finance]Yahoo! Finance
- Take-Two is shutting down the studios behind Rollerdrome and Kerbal Space Program 2 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Is Take-Two Interactive Stock Going to $185? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]Yahoo! Finance
- "RALLY ON" in TopSpin® 2K25 Now Available Worldwide [Yahoo! Finance]Yahoo! Finance
TTWO
Earnings
- 2/8/24 - Miss
TTWO
Sec Filings
- 4/16/24 - Form 8-K
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- TTWO's page on the SEC website