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Take-Two Interactive Warns Ownership Change Could Limit Use of Tax Losses and Credits Under Section 382
Take-Two Interactive (TTWO) has disclosed a new risk, in the Taxation & Government Incentives category.
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Take-Two Interactive faces a risk that an ownership change, as defined under Section 382, could significantly restrict its ability to utilize net operating loss and tax credit carryforwards. Such limitations would cap the annual amount of these tax attributes based on the long-term tax-exempt rate and the company’s equity value, potentially causing valuable tax benefits to expire unused and negatively impacting future financial results.
Overall, Wall Street has a Strong Buy consensus rating on TTWO stock based on 13 Buys.
To learn more about Take-Two Interactive’s risk factors, click here.
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