Benzinga | Jul 1, 2021 09:25AM EDT

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

* Take-Two Interactive Software Inc (NASDAQ: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.