In an investor call following the meet, Take-Two CEO Strauss Zelnick clarified the company’s future plans regarding acquisitions.
Zelnick talked about how the Zynga deal will affect the company’s finances in the the fiscal year, creating very little net debt even after completing this humongous transaction.
We expect to be in a net cash position within a few years, by fiscal 24 [the business year ending March 31, 2024].”
He expects the company to be in a net cash flow situation by 2024 fiscal year, and start generating cash flow immediately after the transaction is completely.
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