TAKE-TWO INTERACTIVE SOFTWARE,INC. (NASDAQ:TTWO) Files An 8-K Other Events

ME Staff 8-k
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TAKE-TWO INTERACTIVE SOFTWARE,INC. (NASDAQ:TTWO) Files An 8-K Other Events
Item 8.01 Other Events

On April24, 2018, Take-Two Interactive Software,Inc. (the “Company”) elected to settle its conversion obligations in connection with any 1.00% Convertible Senior Notes due 2018 (the “Notes”) submitted for conversion on or after April27, 2018 or at maturity entirely in shares of its common stock. In accordance with the foregoing, the Company has notified The Bank of New York Mellon, the Trustee for the Notes, that the Settlement Method (as defined in the Supplemental Indenture, dated as of June18, 2013 (the “Supplemental Indenture”) to the Indenture, dated as of June18, 2013 (as supplemented and amended by the Supplemental Indenture, the “Indenture”)) for all Notes submitted for conversion with a Conversion Date (as defined in the Indenture) on or after April27, 2018 or at maturity shall be Physical Settlement (as defined in the Indenture).


About TAKE-TWO INTERACTIVE SOFTWARE,INC. (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world. The Company’s products are designed for console gaming systems, such as PlayStation 3 and PlayStation 4; Xbox 360 and Xbox One, and personal computers, including smartphones and tablets. Rockstar Games is the developer and publisher of Grand Theft Auto, as well as other franchises, including L.A. Noire, Max Payne, Midnight Club and Red Dead. 2K publishes owned and licensed titles across a range of genres. It has internal development studios in Canada, China, Czech Republic, the United Kingdom and the United States.