01—Abstract
Summary
Summary of the 8-K/A filed April 18, 2017. Cited figures are marked; the original filing is the authoritative source.
This Form 8-K filing from Take-Two Interactive Software, Inc. serves as an amendment to a previous filing, primarily to include the necessary financial statements and pro forma information related to the acquisition of Social Point, S.L.
The acquisition, completed on January 31, 2017, involved Take-Two's indirect Spanish subsidiary acquiring 100%a of the equity interests in Social Point. This filing makes available the audited financial statements for Social Point for the year ended December 31, 2015, and interim financials for the six months ended June 30, 2016.
Furthermore, the report includes unaudited pro forma condensed combined financial information presenting Take-Two and Social Point as if the acquisition had occurred at an earlier date, specifically as of September 30, 2016, and for the six months and full year periods ending on that date. This data is crucial for investors to understand the potential impact of the Social Point acquisition on Take-Two's overall financial position and performance, offering a clearer picture of the combined entity's scale and financial health prior to its full integration.
02—Key points
Key Highlights
- Amendment to prior 8-K filing to provide required financial statements and pro forma information for the Social Point acquisition.
- Acquisition of Social Point, S.L., a Spanish mobile game developer, was completed on January 31, 2017.
- Filing includes audited financial statements for Social Point for the fiscal year ended December 31, 2015.
- Unaudited interim financial statements for Social Point for the six months ended June 30, 2016, are also provided.
- Unaudited pro forma condensed combined financial information for Take-Two and Social Point as of September 30, 2016, and for comparable periods is included.
- The pro forma information allows investors to assess the combined entity's financial performance as if the acquisition had occurred earlier.
- This filing supplements the original 8-K and provides essential financial details for evaluating the strategic acquisition.
03—Questions
Frequently Asked Questions
What is the primary purpose of this Form 8-K filing?
This Form 8-K is an amendment to a previous filing. Its main purpose is to provide the audited financial statements of the acquired company, Social Point, S.L., and the unaudited pro forma condensed combined financial information of Take-Two Interactive Software, Inc. and Social Point, S.L., as required by SEC regulations following a significant acquisition.
When was the acquisition of Social Point, S.L. completed, and what was acquired?
The acquisition of 100% of the outstanding equity interests in Social Point, S.L., a Spanish mobile game developer, was completed on January 31, 2017. The acquisition was made by Take-Two Invest Espana, S.L., a wholly-owned, indirect subsidiary of Take-Two Interactive Software, Inc.
What specific financial data is being provided regarding Social Point?
The filing includes the audited financial statements of Social Point, S.L. for the year ended December 31, 2015, along with its notes. It also includes the unaudited interim financial statements for Social Point as of and for the six-month period ended June 30, 2016, and related notes.
What does the 'pro forma condensed combined financial information' represent?
The unaudited pro forma condensed combined financial information presents the financial results of Take-Two Interactive Software, Inc. and Social Point, S.L. as if the acquisition had occurred at an earlier date. This allows investors to better understand the financial impact and scale of the combined entity, particularly for periods preceding the actual acquisition date.
04—Continue