Take-Two (TTWO) Interactive Software announced a proposed underwritten public offering of $1B of shares of its common stock. All shares to be sold in the offering are to be sold by the company. Take-Two intends to use the net proceeds for general corporate purposes, which may include the repayment of outstanding debt and future acquisitions. J.P. Morgan Securities and Goldman Sachs & Co. are acting as lead bookrunning managers for the offering.
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