WASHINGTON (dpa-AFX) - Take-Two Interactive Software, Inc. (TTWO), the video
game publisher behind popular games such as Grand Theft Auto and Red Dead
Redemption, has announced the closure of two of its subsidiaries, Intercept
Games and Roll7, as part of its previously announced plan to lay off 5% of its
employees by the end of 2024.

The decision to close the two studios, along with the Private Division, was made
to streamline operations and focus on core business strategies, according to
documentation reviewed by Bloomberg.

Intercept Games, based in Seattle, Washington, is the developer of the Kerbal
Space Program, a popular game that allows players to build and launch their own
spacecraft. According to the WARN Act, Take-Two is required to provide at least
60 days' notice before laying off employees in Seattle, so the layoffs of the 70
employees there are set to begin on June 28, according to Washington's
Employment Security Department.

Roll7, a London-based studio best known for titles such as Ollie Ollie World and
Rollerdrome, was acquired by Private Division in 2021. The closure of Private
Division will not impact the development of Kerbal Space Program 2, however, as
the company has stated support for the game will continue under a different
structure.

The layoffs will have an impact on other Private Division staff as well, and the
company is offering severance agreements to affected employees. The move comes
as Take-Two is in the process of acquiring Gearbox, the developer of
Borderlands, for $460 million, a deal that is expected to close in the coming
months.



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