secwatch.observer — SEC 8-K summary
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Issuer:     TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)
CIK:        0000946581
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001193125-24-083524
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946581/000119312524083524/0001193125-24-083524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946581/000119312524083524/d817256d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-083524

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