---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-083524"
form_type: "8-K"
ticker: "TTWO"
cik: "0000946581"
company_name: "TAKE TWO INTERACTIVE SOFTWARE INC"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:09:30.288306+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Take-Two acquires Gearbox Entertainment for $460M in stock; closing by Sept. 2024

## Summary
- Base purchase price of $460 million paid in newly issued TTWO common stock, valued at 5-day VWAP before closing.
- Gearbox is a game developer (Borderlands) acquired from Embracer Group AB.
- Closing subject to HSR Act and other regulatory clearances; outside date of September 27, 2024.
- Buyer Sub (Groundhog 2, LLC) will purchase 100% of Gearbox shares; Seller is Gearbox Entertainment Company Holding AB.
- Shares to be issued in reliance on Section 4(a)(2) exemption; not initially registered.

## SEC filing metadata
- accession: 0001193125-24-083524
- form_type: 8-K
- ticker: TTWO
- cik: 0000946581
- company_name: TAKE TWO INTERACTIVE SOFTWARE INC
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946581/000119312524083524/0001193125-24-083524-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946581/000119312524083524/d817256d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-083524
- JSON: https://secwatch.observer/filing/0001193125-24-083524.json
- Plain text: https://secwatch.observer/filing/0001193125-24-083524.txt

## Key facts
- Material Agreements
  TAKE TWO INTERACTIVE SOFTWARE INC entered into Share Purchase Agreement with Gearbox Entertainment Company Holding AB valued at $460 million (effective 2024-03-27).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Gearbox Entertainment Company Holding AB
  - Value: $460 million
  - Effective: 2024-03-27
  source text: On March 27, 2024, Take-Two Interactive Software, Inc., a Delaware corporation (the “ Company ”), entered into a Share Purchase Agreement (the “ Purchase Agreement ”) with Gearbox Entertainment Company Holding AB, a company organized under the laws of Sweden (“ Gearbox Seller ”), Embracer Group AB, a company organized under the laws of Sweden (“ Gearbox Parent ”) and Groundhog 2, LLC, a Delaware limited liability company and indirect wholly owned subsidiary of the Company (“ Buyer Sub ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/946581/000119312524083524/0001193125-24-083524-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.