The videogame company will offer 4,750,000 shares of its common stock to the public for $225.00 per share, with underwriters granted a 30-day option to purchase up to 712,500 additional shares; net proceeds are projected to reach over $1 billion.
According to CEO Strauss Zelnick, the ‘Tales of the Shire’ developer was sold so that the company, ‘could focus our resources on growing our core businesses for the long term;’ the details of the deal were not disclosed.
The Israeli social gaming company’s $735 million bid for the Finland developer follows its company-wide consolidation and restructuring effort, which included a recent layoff of 600 employees.
Francis Lawrence takes the reigns, with ‘Logan’ and ‘Blade Runner 2049’ screenwriter Michael Green writing, Netflix’s adaptation of the fan favorite dystopian video game from Take-Two and 2K.
$12.7 billion deal will create a diversified video game, interactive, and mobile entertainment giant; popular titles from the two companies range from ‘Grand Theft Auto’ and ‘Red Dead Redemption’ to ‘Harry Potter: Puzzles and Spells’ and ‘Words With Friends.’
The ‘Hillbilly Elegy’ actor’s character will serve as a key to the mysterious past of Lilith, a woman with magical abilities played by Cate Blanchett.
