Pursuant to the agreement and plan of merger, a wholly-owned subsidiary of Take-Two will merge with and into TDK Mediactive, resulting in TDK Mediactive becoming an as yet to be named subsidiary of Take-Two. TDK USA Corporation and certain other shareholders owning approximately 77.8% of the outstanding voting stock of TDK Mediactive have irrevocably voted their shares in favor of adoption of the merger, assuring sufficient stockholder approval to adopt the merger agreement. Vincent J. Bitetti, TDK Mediactive CEO, will be joined by several other key TDK Mediactive executives at Take-Two. The agreement is subject to customary closing conditions, including the transfer of certain key licenses, and is expected to be consummated by early November.