07:20 AM EDT, 06/12/2024 (MT Newswires) -- Take-Two Interactive Software ( TTWO ) said Wednesday it has launched an underwritten public secondary offering of about 2.8 million shares of its outstanding common stock held by Embracer Group AB.

The shares were issued Tuesday to Embracer Group in connection with the closing of the Take-Two's acquisition of The Gearbox Entertainment Company Inc. Take-Two will not receive any proceeds from the offering. The offering is a resale of secondary shares currently issued and outstanding, the company said.

Take-Two added it will not receive any proceeds from the offering.

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