Private Division Faces Closure: Take-Two To Sell Or Shutter Studios: Report
Portfolio Pulse from Franca Quarneti
Take-Two Interactive Software Inc (NASDAQ:TTWO) is considering selling or closing its Private Division, which includes Intercept Games and Roll7. Both studios are on the verge of shutting down, with most staff already laid off. Efforts to sell the Kerbal Space Program IP have faced challenges, and ongoing projects are uncertain.
June 03, 2024 | 7:54 pm
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Take-Two Interactive is considering selling or closing its Private Division, which includes Intercept Games and Roll7. This could impact ongoing projects and the Kerbal Space Program IP.
The potential closure or sale of Private Division and its studios could negatively impact Take-Two's stock in the short term due to uncertainty around ongoing projects and the Kerbal Space Program IP.
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