Haden Blackman has stepped down from his role as the head of Hangar 13, known for developing Mafia 3. He will leave the 2K-owned team after working there for seven years.

Take-Two has announced that it will be selling senior notes worth $2.7 billion in a new public offering. This money will go to partly fund the company’s acquisition of mobile publisher Zynga.

According to several analysts, there’s a chance GTA VI might be released in fiscal year 2024. This is according to Take-Two’s own projections, with the publisher expecting a significant increase in revenue.

GTA V has surpassed 160 million units sold since its launch on September 17, 2013. These whopping numbers look even more impressive compared to other notable video games.

Only one month into 2022 and we have already witnessed one of the biggest acquisitions in the history of video games. Newzoo has shared some insights into the latest M&A activity, explaining how acquisitions of Bungie, Activision Blizzard, and Zynga will influence the market.

It was no surprise that Take-Two would like to use Zynga’s expertise to bring its main video games franchises to mobile. However, the company saw its stock fall soon after discussing the deal with its investors.

Take-Two announced a definitive agreement to acquire Zynga, creating “one of the largest publicly traded interactive entertainment companies in the world.” Take-Two will pay approximately $12.7 billion acquiring all of the outstanding shares of Zynga in a cash and stock transaction.

A series of trademark disputes filed by Take-Two emerged earlier this week. The list included a dispute with It Takes Two developer Hazelight, which still hopes to resolve the situation.

Take-Two Interactive has been actively monitoring the usage of specific words by other brands for more than a year and a half. However, Take-Two is not the only game company that files such complaints on a regular basis.

A group of modders behind reversed engineered versions of GTA III and GTA: Vice City has responded to a lawsuit by Take-Two. The team insists that their actions and works are protected under fair use and shouldn’t be punished by law.

Launch of GTA: The Trilogy — The Definitive Edition has turned out to be a disaster. The remasters of the classic titles got one of the lowest user scores on Metacritic of all time and later went offline for three days. Players are now demanding refunds, complaining about bugs and other issues.

In its latest financial report, Take-Two has announced its “strongest development pipeline.” The publisher has ambitious plans to release dozens of new games, including different premium and mobile experiences.

Saudi Arabia continues to show interest in the game industry. The sovereign wealth fund bought stakes in three major publishers, with Activision Blizzard taking almost half of the $3 billion investment.

This is another installment of Semenov&Pevzner’s overview of major lawsuits and infringements affecting the gaming industry.

Commenting on its Q1 FY21 financial results, EA said that 52% of its console full game unit sales over the past 12 months were digital.

According to Take-Two president Karl Slatoff, the publisher plans to release 93 new titles in the next five years. This is from both internal studios and third-party developers.

Dan Houser, Vice President, Creative at Rockstar Games, will be leaving the company March 11, 2020. Dan’s brother Sam Houser, co-founder/CEO of Rockstar, is remaining in the same role.

Take-Two reported the results of the second fiscal quarter. The publisher’s revenue grew 74%, driven in part by the launch of the new installments in the Borderlands and NBA franchises.