Take-Two Interactive Software Acquires Animation Company Dynamixyz For Undisclosed Sum

Take-Two Interactive Software Inc TTWO acquired video-based facial animation services provider, Dynamixyz.
The financial terms of the transaction remain undisclosed.
Dynamixyz owns and operates a suite of leading-edge, proprietary motion capture, facial analysis, and complete 3D processing tools and technology that combines computer graphics, computer vision, and machine learning.
Dynamixyz will operate as a division of Take-Two and work exclusively with the company's publishing labels and studios.
Dynamixyz CEO Gaspard Breton will continue to oversee Dynamixyz.
Take-Two held $2.7 billion in cash and equivalents as of March 31, 2021.
Price action: TTWO shares traded higher by 1.16% at $179.08 in the premarket session on the last check Thursday.