Take-two interactive software, inc. announces proposed public offering of common stock

New york--(business wire)--take-two interactive software, inc. (nasdaq: ttwo) (the “company” or “take-two”) today announced a proposed underwritten public offering of $1 billion of shares of its common stock. all shares to be sold in the offering are to be sold by the company. in addition, the company expects to grant the underwriters a 30-day option to purchase up to an additional $150 million of shares of its common stock. take-two intends to use the net proceeds for general corporate purpose.
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