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TAKE-TWO INTERACTIVE SOFTWARE, INC. ACQUIRES IRRATIONAL GAMES

-- Acclaimed Developer Joins 2K�s Roster of Development Studios --

New York, NY � January 9, 2006 � Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced the acquisition of Irrational Games, the award-winning development studio behind such titles as System Shock 2 and Freedom Force. Irrational Games joins the team of development studios under Take-Two�s 2K Games publishing label.

2K Games has multiple titles in development at Irrational�s North American and Australian studios. The first title to be published under the 2K Games label will be BioShock, a role-playing shooter for next-generation console systems and PC. Already anticipated by the gaming press as one of the most innovative next-generation titles, BioShock is planned for release in early 2007.

�We saw a rare opportunity with Irrational Games, a development studio that has consistently produced creative and original games,� said Christoph Hartmann, Managing Director at 2K Games. Susan Lewis, VP of Business Development at 2K Games, added, �2K Games will provide additional resources and support to the Irrational team so they may continue to deliver cutting-edge games.�

�We are excited to be aligned with a publishing label like 2K Games that shares similar development goals and vision,� said Ken Levine, co-founder and President of Irrational Games. �Fans will be blown away when they see the next-generation titles we are working on.�