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Take-Two Interactive

Take-Two Interactive Sees Wider Than Expected Loss, Lowers Guidance

Take-Two Interactive reported a wider than expected net loss for its second quarter Monday, with a net loss of $257 million compared to company guidance of $144 million to $160 million.  The video game gaming company reported second-quarter net revenue of $1.4 billion, in line with the company’s guidance, and up from $858.2 a year […]

Take-Two Interactive CEO: “I Don’t Believe the Entertainment Business Is Recession Proof”

Gaming company Take-Two Interactive has missed earnings expectations in its first report since its acquisition of mobile gaming company Zynga.  Despite higher revenue, Take-Two Interactive swung to a first quarter loss amid economic headwinds for the mobile industry. In the three months ended June 30, the company reported revenue of $1.1 billion, compared to $813.3 million in […]

Take-Two Completes $12.7B Acquisition of Zynga

Take-Two Interactive has officially acquired social and mobile gaming company Zynga. The $12.7 billion acquisition, announced in January, was completed Monday. The combined company will bring a new slate of popular games to Take-Two, including Zynga’s Farmville, Words with Friends and Zynga Poker.  “We are thrilled to complete our combination with Zynga, which is a […]

Take-Two Interactive Reports Strong Earnings Ahead of Zynga Close

Take-Two Interactive reported strong fourth-quarter earnings ahead of the company’s expected acquisition of mobile gaming company Zynga.  The video game publisher reported net revenue of $930.0 million, up from $839.4 million in last year’s fourth quarter and above the Wall Street consensus. Net income was $111.0 million, or $0.95 per diluted share, as compared to […]

Why Gaming Should Be a “Strategic Imperative” for Hollywood : A Q&A With Venture Capital Exec Peter Levin

Venture capital firm Griffin Gaming Partners has made a name for itself with investments focused on the global gaming space. Headquartered in Santa Monica, it has put money into the likes of mobile gaming firm Spyke Games, Indian social gaming app company WinZO, gamer messaging powerhouse Discord, Overwolf, a platform for creating, sharing and monetizing […]

Sony’s $3.6B Bungie Deal: Wall Street Unpacks Logic Amid Gaming M&A Wave

It’s only January, and yet a new week brought another major deal that shifts the landscape for the video game industry. With Sony Corp. unveiling a $3.6 billion deal on Monday to acquire Bungie, the game developer behind hits like the Halo and Destiny franchises, Wall Street observers have started putting the transaction into the […]

Will Zynga Sale Set Off Wave of Video Game Deals?

Hollywood has had more than its share of major deals in the last few years — from Walt Disney’s Fox acquisition and Amazon’s expected takeover of MGM to the proposed Discovery-WarnerMedia merger — as entertainment companies look to boost their scale in the streaming age. Could the video gaming sector soon see a similar M&A […]

Take-Two Interactive to Acquire Zynga in $12.7B Deal

Video game company Take-Two Interactive has agreed to acquire mobile gaming powerhouse Zynga, the companies said on Monday. Take-Two, led by chairman and CEO Strauss Zelnick, will acquire all of the outstanding shares of Zynga in a cash and stock transaction valued at $9.861 per Zynga share, based on the market close as of Friday, […]

AT&T CFO Talks HBO Max Launch, Film Release Strategy, Cost Cuts

AT&T is "pleased" with the recent launch of streaming service HBO Max and continues to work with cinema operators on the "evolving" theatrical release schedule, CFO John Stephens said. He also discussed cost reductions, the firm's debt load, asset sales and the impact of the coronavirus pandemic.

Gaming CEO Strauss Zelnick Poses Topless (Again) to Promote a Youth Pill

Chiseled abs and all, Take-Two Interactive's 62-year-old chief executive Strauss Zelnick posed topless for a youth pill ad.

Outraged Over ‘Grand Theft Auto’ Ban, Aussie Gamers Petition to Ban the Bible

“This misogynistic book makes a game of horrific violence against women,” reads the online petition

‘Grand Theft Auto’ Maker Fires Back at Lindsay Lohan’s Publicity Lawsuit

Plus, a new lawsuit over a video game featuring General George S. Patton