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Take-Two Interactive, Publisher of ‘GTA,’ Plans $1 Billion Stock Offering
"Grand Theft Auto" publisher Take-Two Interactive is planning to sell off $1 billion of its common stock.
Per the company, “Take-Two intends to use the net proceeds for general corporate purposes, which may include the repayment of outstanding debt and future acquisitions.” The stock sale announcement comes less than a week out from Take-Two reporting its latest earnings results, which included a writedown of more than $3 billion. That was on the heels of the publisher revealing that its highly anticipated Rockstar Games-developed “Grand Theft Auto 6” would be shifting from a planned fall 2025 release to a May 26, 2026 launch.
Or read this on Variety