About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: 'Grand Theft Auto' by Rockstar Games remains a bright spot for parent company Take-Two Interactive as it moves to improve profitability and growth. Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs. About 600 jobs are expe ...

Take-Two Interactive Software will lay off about 5% of its workforce, or around 600 employees, the publisher of the “Grand Theft Auto” franchise said Tuesday, as the video-gaming industry extends its more than two-year long job cuts.The company will also scrap several projects in development as part of a cost-reduction plan, which is expected to result in total charges of up to $200 million. It declined to name the projects that have been canceled.Take-Two said the move is expected to drive more than $165 m ...

All eyes are on next year's "Grand Theft Auto" proposed release.Share prices of Take-Two Interactive (TTWO 0.68%) are up 30% over the last year but have pulled back since the company's last earnings report was released in February. The video game producer offered weak guidance for next quarter, but Citigroup analysts still see a favorable upside for investors over the next year or so.Citi upgraded the shares to a buy rating with a price target of $200, representing a 12-month upside of more than 29% over th ...

Video game concern Take-Two Interactive Inc (NASDAQ:TTWO) is up 2.1% before the bell, after Citi upgraded the shares to "buy" from "neutral" and hiked its price target to $200 from $170. In its bull note, the analyst said the company's highly anticipated Grand Theft Auto VI bookings could bring in between $2.6 billion to $2.9 billion, and went on to praise Take-Two Interactive's mobile gaming portfolio. Short interest is up 31.7% over the last two weeks, and the 9.04 million shares sold short account for 5. ...

Two of the video game industry's busiest deal makers just struck a $460 million accord. Here's what Take-Two and Embracer investors need to know.The video game industry is always in motion. Popular game franchises and successful developer studios change hands all the time, and two of the most energetic movers and shakers in recent years just struck another deal.In a $460 million contract, industry giant Take-Two Interactive (TTWO 0.53%) is buying Gearbox Entertainment from Swedish game-studio manager Embrac ...

The release of "Grand Theft Auto VI" should push Take-Two into a powerful new growth phase.Take-Two Interactive's (TTWO 0.68%) stock price has seen some swings across 2024's trading as rumors and speculation have emerged about the timing of its next blockbuster video game release. Late last year, the company announced that Grand Theft Auto VI (GTA VI) would debut in 2025. Additionally, the company's financial guidance seemed to suggest that the game would debut in the first quarter of 2025.While some subseq ...

Take-Two Interactive (TTWO) -owned 2K unveiled the latest addition to the video game franchise with WWE 2K24, developed by Visual Concepts. The Deluxe Edition and Forty Years of WrestleMania Edition are currently accessible on various platforms including PS5, PS4, Xbox Series X|S, Xbox One and PC via Steam. Meanwhile, the Standard Edition and Standard Cross-Gen Digital Edition are scheduled to release on Mar 8, 2024.Players can relive iconic WrestleMania moments spanning 40 years, with immersive gameplay se ...

Today, 2K announced the Deluxe Edition and Forty Years of WrestleMania Edition of WWE® 2K24, the newest installment of the flagship WWE video game franchise developed by Visual Concepts, are available now on PlayStation® 5 (PS5®), PlayStation®4 (PS4®), Xbox Series X|S, Xbox One, and PC via Steam.* The Standard Edition and Standard Cross-Gen Digital Edition will be available on Friday, March 8, 2024. (Graphic: Business Wire)Today, 2K announced the Deluxe Edition and Forty Years of WrestleMania Edition of WWE ...

Take-Two Interactive Software’s (TTWO) Private Division, in collaboration with Evening Star, has launched Penny’s Big Breakaway across multiple gaming platforms.Developed by the creators of Sonic Mania, this dynamic 3D platformer introduces Penny, the protagonist, as she navigates through creatively designed levels using various skills like swinging, dashing and flipping. Across 11 game worlds and numerous levels, Penny and her companion, Yo-Yo, strive to escape from Eddie the Emperor and his penguin army. ...