NEW YORK, NY - May 2, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP is investigating potential securities laws violations by Take-Two Interactive Software, Inc. (NASDAQ: TTWO).
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On May 2, 2025, before the market opened, Take-Two issued a press release titled “Take-Two Interactive Software, Inc. Reiterates Expectations to Achieve Sequential Increases in, and Record Levels of, Net Bookings in Fiscal 2026 and 2027,” that disclosed “Rockstar Games announces release date for Grand Theft Auto VI of May 26, 2026.”
The press release further stated that “Take-Two’s wholly-owned label, Rockstar Games, has announced that Grand Theft Auto VI, which was expected to launch in Fall of 2025, is now planned for release on May 26, 2026, during the Company’s Fiscal Year 2027. ‘We support fully Rockstar Games taking additional time to realize their creative vision for Grand Theft Auto VI, which promises to be a groundbreaking, blockbuster entertainment experience that exceeds audience expectations,’ said Strauss Zelnick, Chairman and CEO for Take-Two Interactive Software. ‘While we take the movement of our titles seriously and appreciate the vast and deep global anticipation for Grand Theft Auto VI, we remain steadfast in our commitment to excellence. As we continue to release our phenomenal pipeline, we expect to deliver a multi-year period of growth in our business and enhanced value for our shareholders.’”
Following this news, during intra-day trading, the price of Take-Two stock declined as much as $24.17 per share, or by over 10.2%.
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If you have any questions about this investigation, please contact:
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Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
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(212) 329-8571
jcampisi@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
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Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
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https://www.kaplanfox.com/case/take-two-interactive-software-inc/
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