** Take-Two Interactive Software's TTWO.O shares fall 3.8% to $228.40 premarket after stock sale priced
** Videogame publisher late Tuesday priced stock offering of 4.75 million shares at $225 apiece for gross proceeds of $1.07 billion
** Offering priced at a 5.3% discount to the stock's last close
** TTWO plans to use the proceeds for general purposes, including debt repayment and future acquisitions
** J.P. Morgan and Goldman Sachs were the lead bookrunning managers for the offering
** Stock closed up 1.2% at $237.50 on Tuesday
** Prior to stock offering, TTWO had ~177.1 million outstanding shares
** 25 of 29 brokerages rate the stock "buy" or higher and 4 "hold"; median PT $252.50 - data compiled by LSEG
** As of last close, TTWO stock up 29% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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