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Just take-Two Interactive Software, Inc. Announces Lapse of Offer you to Receive Codemasters Group Holdings PLC

NEW YORK–(Organization WIRE)–Jan 13, 2021–

Take-Two Interactive Software package, Inc. (NASDAQ: TTWO) these days introduced that adhering to the December 14, 2020 announcement by the Board of Codemasters that it had withdrawn its advice of the Company’s offer you to acquire Codemasters Team Holdings PLC, Choose-Two has, with the consent of the Panel, lapsed its give. As pointed out in the Plan Doc (the “Scheme Document”) dated November 30, 2020, Choose-Two was entitled to lapse the offer you if the Courtroom Assembly and Common Meeting were being not held on or in advance of the 22 nd working day right after the predicted date of this sort of Conferences set out in the Plan Document. The expected date of these Codemasters’ Shareholder Conferences set out in the Scheme Doc was December 21, 2020, and the 22 nd working day after these date was January 12, 2021. Codemasters’ Shareholder Meetings have been not held on or ahead of January 12, 2021 and Consider-Two has not prolonged this day. As a final result, the Co-procedure Agreement has mechanically terminated in accordance with its terms.

Take-Two stays a really disciplined business and, with its strong balance sheet, will proceed to pursue selectively organic and inorganic possibilities that are intended to enhance the Company’s lengthy-expression advancement and produce outcomes to its shareholders.

Capitalized terms made use of and not described in this announcement have the meanings given to them in the Plan Doc.

About Consider-Two Interactive Software package

Headquartered in New York City, Just take-Two Interactive Program, Inc. is a major developer, publisher and marketer of interactive amusement for individuals around the globe. We establish and publish products and solutions principally by way of Rockstar Games, 2K, Non-public Division, and Social Point. Our products are built for console systems and personalized personal computers, such as smartphones and tablets, and are sent through bodily retail, electronic obtain, on the net platforms and cloud streaming companies. The Company’s popular inventory is publicly traded on NASDAQ below the symbol TTWO. For additional corporate and product or service facts make sure you stop by our internet site at http://www.get2games.com.

All emblems and copyrights contained herein are the house of their respective holders.

Cautionary Take note About Forward-Hunting Statements

The statements contained herein which are not historic specifics are regarded forward-hunting statements under federal securities regulations and may be discovered by words and phrases these as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “will,” or words of very similar this means and consist of, but are not limited to, statements regarding the outlook for the Company’s potential enterprise and monetary performance. This sort of forward-on the lookout statements are centered on the recent beliefs of our administration as perfectly as assumptions built by and details presently offered to them, which are issue to inherent uncertainties, challenges and alterations in situations that are complicated to predict. Real outcomes and success may perhaps fluctuate materially from these ahead-searching statements based on a selection of pitfalls and uncertainties like: the uncertainty of the influence of the COVID-19 pandemic and measures taken in response thereto the effect that steps taken to mitigate the COVID-19 pandemic have on our functions, like our potential to timely supply our titles and other products and solutions, and on the functions of our counterparties, together with retailers and distributors the results of the COVID-19 pandemic on purchaser demand from customers and the discretionary paying patterns of our buyers the effects of reductions in desire rates by the Federal Reserve and other central banks, such as on our limited-expression financial commitment portfolio the effect of potential inflation volatility in international forex exchange costs our dependence on essential administration and solution growth staff our dependence on our Grand Theft Vehicle and NBA 2K products and solutions and our ability to create other hit titles our skill to leverage opportunities on PlayStation 5 and Xbox Collection X the well timed launch and substantial market place acceptance of our online games the capability to manage satisfactory pricing amounts on our game titles and hazards affiliated with global functions.

Other vital factors and details are contained in the Company’s most modern Annual Report on Type 10-K, including the risks summarized in the segment entitled “Risk Variables,” the Company’s most the latest Quarterly Report on Kind 10-Q, and the Company’s other periodic filings with the SEC, which can be accessed at www.choose2game titles.com. All forward-searching statements are competent by these cautionary statements and implement only as of the day they are manufactured. The Firm undertakes no obligation to update any ahead-seeking statement, whether as a result of new data, foreseeable future functions or otherwise.

Perspective resource model on businesswire.com:https://www.businesswire.com/information/house/20210113005136/en/

Get in touch with: (Company Press)

Alan Lewis

Vice President

Company Communications & General public Affairs

Just take-Two Interactive Program, Inc.

(646) 536-2983

[email protected] games.com

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PUB: 01/13/2021 07:00 AM/DISC: 01/13/2021 07:01 AM

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