secwatch.observer — SEC 8-K summary
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Issuer:     TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)
CIK:        0000946581
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-079534
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Take-Two to acquire Gearbox for $460M in stock; closes in Q1 FY2025
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- Purchase price of $460M paid entirely in newly issued Take-Two common stock.
- Acquisition expected to close in first quarter of FY2025 (ending June 30, 2024).
- Gearbox owns Borderlands, Tiny Tina's Wonderlands, Homeworld, Risk of Rain, Brothers in Arms, Duke Nukem IPs.
- Gearbox has 6 projects in development including 5 sequels and 1 new IP; next Borderlands installment in active development.
- Gearbox will operate as a 2K studio led by Founder/CEO Randy Pitchford; studios in Texas, Montreal, Quebec.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946581/000119312524079534/0001193125-24-079534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946581/000119312524079534/d800821d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-079534

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer