Take-Two Sells Jack of All Games
December 21st, 2009
Take-Two Interactive has signed a deal to sell its Jack of All Games distribution business to Synnex Corporation, a business process services company that deals in the distribution of IT systems and software.
An investor relations note explains that the transaction is expected to be valued at around $43.25 million, which includes $36.50 million in cash and up to a further $6.75 million based on the achievement of certain items. The deal is expected to close in the first calendar quarter of 2010.