Take-Two Interactive

“So we sell the stock in the open market for, wait for it, fourteen million dollars. So a month later, this public company launches the first property that we had completed into the market.”

“Clones don't sell. All hits are by their very nature unexpected. That's the most important thing to take away. Things that are data driven in their entirety can't be unexpected.”

“The way we did this deal has never happened before, and I'm pretty certain it will never happen again, because we essentially did a hostile takeover with no money.”

“I would argue that, I mean, for pure play, probably Bobby Kotak has with Activision.”

“I never say the word that executives use something like we're a big family here. We're not a big family here. This is an enterprise. Like my family's at home. So we don't have all the angst around being a family.”

“He said, it means fifty million dollars of incremental dev costs, a lot of money to us, and another year. And it was on a release schedule, which we didn't ask. And I was like, I dug in. I mean, I would, I don't give, like, knee-jerk answers. I dug in and did …”

“The plan was there was only one good property, which was GTA, which was in development and was soon to be released. We thought ended up getting delayed and everything else was total mess except the NBA franchise, which was really tiny. It was making a tiny amo…”

“About 700 in revenue, and losing loads of money, and no debt, thankfully, and about 50 in cash.”

“I think we're about 18 months behind the original date. Not, not much more than that.”

“It's a little tiny public company with a, I want to say roughly a hundred million dollar market cap, and they agree to give us 20% of their company in stock for the business, such as it was. So, twenty million dollars.”

“We have hundreds of projects going on, and we already have promulgated enterprise software, so we have enterprise versions of ChatGPT and Claude that are available to everyone to use, that are fully licensed and paid for, and then we have about 200 projects go…”

“The general counsel comes into the meeting room that we're in, and he says, well, we don't have the final vote, but we have a provisional vote. You have 88%. He said, so will you accept that, or do you want us to keep counting? I said, we'll accept that. And t…”

“When GTA released, the company would have a meaningful profit, like, a hundred or so a year, but it only released every four years. They lost money the rest of the time.”

“So one of our competitors at one point had 500 sexual harassment claims at their company.”