Take-Two Interactive Software and TDK Mediactive announced an agreement today pursuant to which Take-Two will acquire all shares of outstanding common stock of TDK Mediactive. Under the terms of the agreement, Take-Two will purchase TDK Mediactive for approximately $22.7 million, consisting of (1) $0.55 per share for each of the 23,005,885 shares outstanding (approximately $12.6 million); (2) purchase of debt of approximately $9.9 million ($1.9 million in cash and $8 million in restricted shares of common stock of Take-Two, or approximately 270,000 shares); and (3) approximately $0.2 million to retire outstanding stock options.

Video game publisher Take-Two Interactive Software Inc. said on Monday unfounded rumors may have contributed to a drop in its stock price, and the company reiterated its financial guidance for the year.

With the newly released State of Emergency going straight in at NUMBER ONE, Chart Track today confirmed that Take 2 Interactive is the FIRST EVER software publisher to hold the TOP THREE POSITIONS in the Playstation 2 chart.

Take-Two Interactive Software, Inc., announced that The Corporate Machine begins shipping to retailers nationwide today, July 17th, 2001.

Max Payne, Tropico, Myth III, and several other games for the Macintosh platform will be released by the publisher MacSoft. Get the full story at the official MacSoft Web site.