March 27 (Reuters) - Take-Two Interactive Software Inc ( TTWO )

:

* TAKE-TWO INTERACTIVE SOFTWARE, INC. ( TTWO ) TO ACQUIRE THE GEARBOX

ENTERTAINMENT COMPANY INC., DEVELOPER OF HIGHLY SUCCESSFUL

BORDERLANDS FRANCHISE

* TRANSACTION VALUED AT $460 MILLION; EXPECTED TO CLOSE IN

Q1 OF

TAKE-TWO'S FISCAL YEAR 2025

* ENTERED INTO A DEFINITIVE AGREEMENT WITH EMBRACER GROUP TO

ACQUIRE THE GEARBOX ENTERTAINMENT COMPANY

* TRANSACTION EXCLUDES CERTAIN THIRD-PARTY PUBLISHING AND

OTHER

ASSETS THAT TAKE-TWO DEEMED NON-CORE TO ITS BUSINESS

* TAKE-TWO INTERACTIVE SOFTWARE ( TTWO )- GEARBOX WILL OPERATE AS

STUDIO

WITHIN 2K AND WILL BE LED BY FOUNDER AND CEO, RANDY PITCHFORD,

AND HIS MANAGEMENT TEAM

* TAKE-TWO INTERACTIVE SOFTWARE ( TTWO ) - AGREEMENT WITH EMBRACER

GROUP TO

ACQUIRE GEARBOX ENTERTAINMENT FOR $460 MILLION

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