Take-Two Interactive Software, Inc. Provides Statement Regarding Offer for Codemasters Group Holdings plc by Codex Games Limi...
December 14 2020 - 8:54AM
Business Wire
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today noted
the announcement by Codex Games Limited, an indirect subsidiary of
Electronic Arts Inc. (“Electronic Arts”) of a firm intention to
make an offer for Codemasters Group Holdings plc (“Codemasters”) at
604 pence in cash for each Codemasters share held (the “Electronic
Arts Offer”) and the announcement by the Board of Codemasters to
change its recommendation from the acquisition of Codemasters by
Take-Two in favor of the Electronic Arts Offer.
Take-Two is considering its position in relation to Codemasters
and a further announcement will be made when appropriate.
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. We develop and
publish products principally through Rockstar Games, 2K, Private
Division, and Social Point. 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: the
uncertainty of the impact of the COVID-19 pandemic and measures
taken in response thereto; the effect that measures taken to
mitigate the COVID-19 pandemic have on our operations, including
our ability to timely deliver our titles and other products, and on
the operations of our counterparties, including retailers and
distributors; the effects of the COVID-19 pandemic on consumer
demand and the discretionary spending patterns of our customers;
the impact of reductions in interest rates by the Federal Reserve
and other central banks, including on our short-term investment
portfolio; the impact of potential inflation; volatility in foreign
currency exchange rates; our dependence on key management and
product development personnel; our dependence on our Grand Theft
Auto and NBA 2K products and our ability to develop other hit
titles; our ability to leverage opportunities on PlayStation 5 and
Xbox Series X; 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.
Publication Note:
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be available at Take-Two’s website
(www.take2games.com) by no later than 12 noon (London time) on 15
December 2020. The content of the website referred to in this
announcement is not incorporated into and does not form part of
this announcement.
Goldman Sachs International, which is authorized by the
Prudential Regulation Authority and regulated by the Financial
Conduct Authority and the Prudential Regulation Authority in the
United Kingdom, is acting exclusively for Take-Two and no one else
in connection with the matters referred to in this announcement and
will not be responsible to anyone other than Take-Two for providing
the protections afforded to clients of Goldman Sachs International,
or for providing advice in connection with the matters referred to
in this announcement.
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version on businesswire.com: https://www.businesswire.com/news/home/20201214005483/en/
(Investor Relations) Henry A. Diamond Senior Vice President
Investor Relations & Corporate Communications Take-Two
Interactive Software, Inc. (646) 536-3005
Henry.Diamond@take2games.com
(Corporate Press) Alan Lewis Vice President Corporate
Communications & Public Affairs Take-Two Interactive
Software, Inc. (646) 536-2983 Alan.Lewis@take2games.com
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