Our latest coverage of Take Two Interactive.
After Gearbox Entertainment CEO Randy Pitchford all but denied rumors that Embracer Group was selling them off earlier this month, a press release now confirms that the Swedish video game holding company did just that. Most of Gearbox and its exclusive IPs have now been acquired by Take-Two Interactive in a $460 million stock deal. Gearbox Entertainment is now part [...]
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2K Games subsidiary Visual Concepts, the studio behind NBA 2K and Lego 2K Drive, has been hit with a second round of job cuts following the mass layoffs in September 2023. Former art manager Brad Bowling confirmed the unfortunate news on LinkedIn, saying, ”The games industry bloodletting continues. Today, Visual Concepts Austin laid off myself and a group of very [...]
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Take Two Interactive’s publishing arm Private Division is working on a new Lord of the Rings game in partnership with Weta Workshop, the special effects and prop company responsible for the visual effects in Peter Jackson’s Lord of the Rings trilogy. The company has also worked on The Hobbit trilogy, and more recently, Amazon’s upcoming prequel series. Like the movies, [...]
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Take Two Interactive, the parent company of Grand Theft Auto series developer Rockstar Games, is in the process of acquiring Zynga for $12.7 billion in cash and shares. The purchase amount is being offered at a 64% premium on the Farmville creator’s closing share price on January 7th, according to the official press release. It’s worth noting that Zynga recently [...]
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The Screen Actors Guild – American Federation of Television and Radio Artists, or SAG-AFTRA, ended their 11-month strike against big-name video game companies as both parties reached a tentative agreement last weekend. According to Polygon, the boycott began in October 2016 following 19 months of failing negotiations between voice actors and video game industry leaders for additional compensation, particularly for [...]
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“Take Two had a highly-successful holiday quarter,” says Take Two Interactive CEO and Chairman, Strauss Zelnick in their Fiscal Third Quarter 2017 Report. The software giant saw a 15% increase in their net revenue compared to fiscal third quarter earnings last year. Take Two Interactive also reported a growth of 64% in their digitally-delivered net revenue, with Grand Theft Auto [...]
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