Rockstar Games Acquires Mad Doc Software
Rockstar Games Acquires Mad Doc Software
New York, NY - April 4, 2008 - Rockstar Games, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO),
announced today the formation of Rockstar New England through the acquisition of substantially all of the assets of Andover,
MA-based Mad Doc Software, one of the premier independent development studios in North America.
"The team at Mad Doc Software is extremely talented," said Sam Houser, Founder of Rockstar Games. "Bringing them within
the Rockstar Games family will enhance our core technology and further support our commitment to creating progressive and
innovative gaming experiences."
Established in 1999 by Dr. Ian Lane Davis, Mad Doc Software has led development on and provided contracting services for
triple-A titles, with a particular focus on artificial intelligence and networking. The studio most recently worked with Rockstar
Games on the Xbox 360 version of the critically acclaimed Bully: Scholarship Edition.
"To be a part of Rockstar Games is an amazing opportunity for everyone here," said Dr. Davis, Studio Head of the new
Rockstar New England. "We're eager to bring our expertise to bear in the character-driven, open-world stories that make
Rockstar Games titles so uniquely compelling."
About Take-Two Interactive Software, Inc.
Headquartered in New York City, Take-Two Interactive Software, Inc., is a global developer, marketer, distributor and publisher
of interactive entertainment software games for the PC, PLAYSTATION®3 and PlayStation®2 computer entertainment systems,
PSP® (PlayStation®Portable) system, Xbox 360® and Xbox® video game and entertainment systems from Microsoft, Wii™,
Nintendo GameCube™, Nintendo DS™ and Game Boy
® Advance. The Company publishes and develops products through its
wholly owned labels Rockstar Games, 2K Games, 2K Sports and 2K Play, and distributes software, hardware and accessories
in North America through its Jack of All Games subsidiary. Take-Two's common stock is publicly traded on NASDAQ under the
symbol TTWO. For more corporate and product information please visit our website at www.take2games.com.
All trademarks and copyrights contained herein are the property of their respective holders.
Microsoft, Xbox, Xbox 360, Xbox LIVE, and the Xbox logos are trademarks of the Microsoft group of companies and are used
under license from Microsoft.
Important Legal Information
In connection with the tender offer commenced by Electronic Arts Inc. ("EA"), the Company has filed with the Securities
Exchange Commission a Solicitation/Recommendation Statement on Schedule 14D-9. The Company's stockholders should
read carefully the Solicitation/Recommendation Statement on Schedule 14D-9 (including any amendments or supplements
thereto) prior to making any decisions with respect to EA's tender offer because it contains important information. Free copies
of the Solicitation/Recommendation Statement on Schedule 14D-9 and the related amendments or supplements thereto that
the Company has filed with the SEC are available at the SEC's website at www.sec.gov.
This press release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements
contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such
forward-looking statements are based on the beliefs of our management as well as assumptions made by and information
currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may
vary significantly from these forward-looking statements based on a variety of factors. These risks and uncertainties include the
matters relating to the Special Committee's investigation of the Company's stock option grants and the restatement of our
consolidated financial statements. The investigation and conclusions of the Special Committee may result in claims and
proceedings relating to such matters, including previously disclosed shareholder and derivative litigation and actions by the
Securities and Exchange Commission and/or other governmental agencies and negative tax or other implications for the
Company resulting from any accounting adjustments or other factors. Further risks and uncertainties associated with Electronic
Arts' tender offer to acquire the Company's outstanding shares: the risk that key employees may pursue other employment
opportunities due to concerns as to their employment security with the Company; the risk that the acquisition proposal will make
it more difficult for the Company to execute its strategic plan and pursue other strategic opportunities; the risk that the future
trading price of our common stock is likely to be volatile and could be subject to wide price fluctuations; and the risk that
stockholder litigation in connection with Electronic Arts' tender offer, or otherwise, may result in significant costs of defense,
indemnification and liability. Other important factors are described in the Company's Annual Report on Form 10-K for the fiscal
year ended October 31, 2007, in the section entitled "Risk Factors" as updated in the Company's Quarterly Report on Form
10-Q for the fiscal quarter ended January 31, 2008, in the section entitled "Risk Factors." All forward-looking statements are
qualified by these cautionary statements and are made only as of the date they are made.
# # #
