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TTWO Buyback image

Take-Two Interactive Software, Inc. Buyback

OLI recorded this information on 11/26/2013

Company: Take-Two Interactive Software, Inc.
Buyback: TTWO buyback
Shares Announced Repurchased: 12,020,000.00
Buyback Details: Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that, as part of an ongoing strategy to buy back its shares, the Company has purchased all of the Icahn Group's stock at yesterday's closing price of $16.93 per share. Several years ago the Icahn Group and Take-Two agreed that if the Icahn Group sold its position, the Icahn Group's designees would resign from the Board. As such, Brett Icahn, Jim Nelson, and SungHwan Cho have today resigned from the Board. The board will now comprise five members. The remaining directors are committed to revisiting the size and composition of the board and its committees. The total purchase price for the 12.02 million shares will be approximately $203.5 million and will be funded from Take-Two's cash and cash equivalents on hand. Following completion of the purchase, Take-Two's basic shares outstanding will be approximately 81 million. This transaction is expected to be completed today.

Take-Two Interactive Software is a developer, publisher and marketer of entertainment for consumers around the globe. Co. develops, operates and publishes products principally through Rockstar Games, 2K, Private Division, and Zynga. Co.'s products are designed for console gaming systems, including, but not limited to, the Sony Computer Entertainment, Inc. PlayStation®4 and PlayStation5, Microsoft Corporation Xbox One® and Xbox Series X S, and Nintendo's Switch™, as well as personal computers, and mobile, including, smartphones and tablets. Co. delivers its products through physical retail, digital download, online platforms, and cloud streaming services.

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TTWO — Key Stats (updated 20 hours, 40 minutes ago)
Company Name:  Take-Two Interactive Software, Inc.
Stock buyback:  TTWO buyback
Website:  www.take2games.com
Sector:  Application Software
Number of ETFs Holding TTWO:  99
Total Market Value Held by ETFs:  $4.74B
Total Market Capitalization:  $25.82B
% of Market Cap. Held by ETFs:  18.37%
 

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April 16, 2024  •  7:08 AM Eastern
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Avg. Broker Rec.

Strong Buy (3.58 out of 4)
62nd percentile
(ranked higher than approx. 62% of all stocks covered)

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TTWO Stock Forecast

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