Take-Two Interactive Software, Inc. Acquires Kerbal Space Program
May 31 2017 - 8:30AM
Business Wire
Critically acclaimed space simulation game
joins Company’s renowned portfolio of owned intellectual
property
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today
announced that it has acquired Kerbal Space Program, the
critically acclaimed physics-based space simulation game. Created
by independent developer Squad, Kerbal Space Program was
originally released on PC in April 2015* and has sold over two
million units to date. The title has been widely popular with the
media and consumers alike, earning a Metacritic rating of 88** and
a Steam user score of 97%***.
The acquisition of Kerbal Space Program further
diversifies Take-Two’s industry-leading portfolio of owned
intellectual property. The current team at Squad will continue to
provide support and ongoing development for the title through game
updates and expansions, including the previously announced
Kerbal Space Program: Making History Expansion, which is
expected to launch later this calendar year.
“We have been impressed with Kerbal Space Program since
its launch, and we are committed to grow this unique experience
while continuing to support its passionate community,” said Michael
Worosz, SVP, Head of Corporate Development and Independent
Publishing at Take-Two. “We view Kerbal Space Program as a
new, long-term franchise that adds a well-respected and beloved IP
to Take-Two’s portfolio as we continue to explore opportunities
across the independent development landscape.”
In Kerbal Space Program, players must build a
space-worthy craft, capable of flying its crew of lovable humanoid
Kerbals into space, while keeping them alive. Players have access
to an array of parts that must be assembled to create a
fully-functional spacecraft. Each part has its own function and
will affect the way a ship flies (or doesn't) based on realistic
aerodynamic and orbital physics. Players who successfully launch
their spacecraft can explore their planet’s moons and solar system,
sharing their unique creations and advice with a strong and growing
online community.
The forthcoming Kerbal Space Program: Making History
Expansion for PC adds exciting new content to the base game,
including the Mission Builder and History Pack.
Mission Builder enables players to create and edit missions
that can be shared with the community. History Pack
challenges players to re-live historical missions from humankind’s
own space history, complete with a unique Kerbal Space
Program twist.
*Game became available through Steam Early Access in March 2013,
and launched in April 2015.
**Metacritic score for PC as of May 30, 2017.
***Steam user score as of May 30, 2017.
About Take-Two Interactive Software
Headquartered in New York City, Take-Two Interactive Software,
Inc. is a leading developer, publisher and marketer of interactive
entertainment for consumers around the globe. The Company develops
and publishes products principally through its two wholly-owned
labels Rockstar Games and 2K. Our products are designed for console
systems and personal computers, including smartphones and tablets,
and are delivered through physical retail, digital download, online
platforms and cloud streaming services. The Company’s common stock
is publicly traded on NASDAQ under the symbol TTWO. For more
corporate and product information please visit our website at
http://www.take2games.com.
All trademarks and copyrights contained herein are the property
of their respective holders.
Cautionary Note Regarding Forward-Looking Statements
The statements contained herein which are not historical facts
are considered forward-looking statements under federal securities
laws and may be identified by words such as "anticipates,"
"believes," "estimates," "expects," "intends," "plans,"
"potential," "predicts," "projects," "seeks," “should”, "will," or
words of similar meaning and include, but are not limited to,
statements regarding the outlook for the Company's future business
and financial performance. Such forward-looking statements are
based on the current beliefs of our management as well as
assumptions made by and information currently available to them,
which are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict. Actual outcomes and
results may vary materially from these forward-looking statements
based on a variety of risks and uncertainties including: our
dependence on key management and product development personnel, our
dependence on our Grand Theft Auto products and our ability to
develop other hit titles, our ability to successfully integrate and
achieve the expected benefits of the acquired Kerbal Space Program
franchise, the timely release and significant market acceptance of
our games, the ability to maintain acceptable pricing levels on our
games, and risks associated with international operations. Other
important factors and information are contained in the Company's
most recent Annual Report on Form 10-K, including the risks
summarized in the section entitled "Risk Factors," the Company’s
most recent Quarterly Report on Form 10-Q, and the Company's other
periodic filings with the SEC, which can be accessed at
www.take2games.com. All forward-looking statements are qualified by
these cautionary statements and apply only as of the date they are
made. The Company undertakes no obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
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Take-Two Interactive Software, Inc.PressBrian Roundy,
415-507-7532Senior
ManagerCommunicationsBrian.Roundy@take2games.comorCorporate
PressAlan Lewis, 646-536-2983Vice PresidentCorporate Communications
& Public AffairsAlan.Lewis@take2games.comorInvestor
RelationsHenry A. Diamond, 646-536-3005Senior Vice
PresidentInvestor Relations & Corporate
CommunicationsHenry.Diamond@take2games.com
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