May 23, 2025
Willkie represented Take-Two Interactive Software, Inc. in an underwritten public offering of 4,750,000 shares of its common stock, at a price to the public of $225.00 per share.
Pursuant to the underwriting agreement, the Company granted the underwriters a 30-day option to purchase up to 712,500 additional shares of its common stock, which the underwriters exercised in full. The expected net proceeds of the offering after expenses (including the over-allotment) are approximately $1.19 billion, which are intended to be used for general corporate purposes, which may include the repayment of outstanding debt and future acquisitions.
J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are acting as lead bookrunning managers for the offering. Wells Fargo Securities, LLC, BofA Securities, Inc. and BNP Paribas Securities Corp. are acting as joint bookrunning managers for the offering.
Willkie previously represented Take-Two in numerous transactions, including its $12.7 billion acquisition of Zynga in 2022.
Headquartered in New York City, Take-Two is a leading developer, publisher, and marketer of interactive entertainment for consumers around the globe.
The Willkie team was led by partners Adam Turteltaub and Sean Ewen and included associates Marissa Dressor and Brenna O’Connor and law clerk Akarshna Premanand.
