UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
TAKE-TWO INTERACTIVE SOFTWARE, INC.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
874054109
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(CUSIP Number)
March 29, 2007
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ]___Rule 13d-1(b)
[X]___Rule 13d-1(c)
[ ]___Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Continued on following pages
Page 1 of 10 Pages
Exhibit Index: Page 9
SCHEDULE 13G
CUSIP No.: 874054109 Page 2 of 10 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MANAGEMENT, LLC
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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Number of 5. Sole Voting Power None
Shares ----------------------------------------------------------
Beneficially 6. Shared Voting Power 4,158,992
Owned by Each ----------------------------------------------------------
Reporting 7. Sole Dispositive Power None
Person With ----------------------------------------------------------
8. Shared Dispositive Power 4,158,992
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,158,992
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
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11. Percent of Class Represented by Amount in Row (9)
5.7% based on 72,926,850 shares outstanding as of March 5, 2007.
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12. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: 874054109 Page 3 of 10 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL GP, LLC
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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Number of 5. Sole Voting Power None
Shares ----------------------------------------------------------
Beneficially 6. Shared Voting Power 4,158,992
Owned by Each ----------------------------------------------------------
Reporting 7. Sole Dispositive Power None
Person With ----------------------------------------------------------
8. Shared Dispositive Power 4,158,992
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,158,992
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.7% based on 72,926,850 shares outstanding as of March 5, 2007.
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12. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: 874054109 Page 4 of 10 Pages
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1 Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LAWRENCE M. ROBBINS
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
United States of America
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Number of 5. Sole Voting Power None
Shares ----------------------------------------------------------
Beneficially 6. Shared Voting Power 4,158,992
Owned Each ----------------------------------------------------------
Reporting 7. Sole Dispositive Power None
Person With ----------------------------------------------------------
8. Shared Dispositive Power 4,158,992
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,158,992
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.7% based on 72,926,850 shares outstanding as of March 5, 2007.
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12. Type of Reporting Person:
IA
Page 5 of 10 Pages
Item 1(a). Name of Issuer:
Take-Two Interactive Software, Inc. (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
622 Broadway, New York, New York 10012.
Item 2(a). Name of Person Filing
This Statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):
i) Glenview Capital Management, LLC ("Glenview Capital
Management");
ii) Glenview Capital GP, LLC ("Glenview Capital GP"); and
iii) Lawrence M. Robbins ("Mr. Robbins").
This Statement relates to Shares (as defined herein) held
for the accounts of Glenview Capital Partners, L.P., a Delaware limited
partnership ("Glenview Capital Partners"), Glenview Institutional Partners,
L.P., a Delaware limited partnership ("Glenview Institutional Partners"),
Glenview Capital Master Fund, Ltd., a Cayman Islands exempted company
("Glenview Capital Master Fund"), GCM Little Arbor Master Fund, Ltd., a Cayman
Islands exempted company ("GCM Little Arbor Master Fund"); GCM Little Arbor
Institutional Partners, L.P., a Delaware limited partnership ("GCM Little
Arbor Institutional Partners"), and GCM Little Arbor Partners, L.P., a
Delaware limited partnership ("GCM Little Arbor Partners").
The Reporting Persons filed an initial statement on Schedule
13G, pursuant to Rule 13d-1(c), on January 30, 2006, and Amendment No. 1 to
Schedule 13G on February 22, 2006. On March 9, 2006, the Reporting Persons
filed an initial statement on Schedule 13D, and Amendment No. 1 to Schedule
13D on December 26, 2006. The Reporting Persons are filing this Amendment No.
2 to Schedule 13G to reflect the fact that they now fall under the provisions
of Rule 13d-1(c), as a passive investor in the Issuer.
Glenview Capital Management serves as investment manager to
each of Glenview Capital Partners, Glenview Institutional Partners, Glenview
Capital Master Fund, GCM Little Arbor Master Fund, GCM Little Arbor
Institutional Partners, and GCM Little Arbor Partners. In such capacity,
Glenview Capital Management may be deemed to have voting and dispositive power
over the Shares held for the accounts of each of Glenview Capital Partners,
Glenview Institutional Partners, Glenview Capital Master Fund, GCM Little
Arbor Master Fund, GCM Little Arbor Institutional Partners, and GCM Little
Arbor Partners. Glenview Capital GP is the general partner of Glenview Capital
Partners, Glenview Institutional Partners, GCM Little Arbor Institutional
Partners and GCM Little Arbor Partners. Glenview Capital GP also serves as the
sponsor of the Glenview Capital Master Fund and the GCM Little Arbor Master
Fund. In such capacities, Glenview Capital GP may be deemed to have voting and
dispositive power over the Shares held for the accounts of each of Glenview
Capital Partners, Glenview Institutional Partners, Glenview Capital Master
Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional Partners,
and GCM Little Arbor Partners. Mr. Robbins is the Chief Executive Officer of
Glenview Capital Management and Glenview Capital GP.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of each of
Glenview Capital Management, Glenview Capital GP, and Mr. Robbins is 767 Fifth
Avenue, 44th Floor, New York, New York 10153.
Page 6 of 10 Pages
Item 2(c). Citizenship:
i) Glenview Capital Management is a Delaware limited
liability company;
ii) Glenview Capital GP is a Delaware limited liability
company; and
iii) Mr. Robbins is a citizen of the United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value per share (the "Shares")
Item 2(e). CUSIP Number:
874054109
Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a). Amount Beneficially Owned:
As of March 29, 2007, each of Glenview Capital Management,
Glenview Capital GP and Mr. Robbins may be deemed to be the beneficial owner
of 4,158,992 Shares. This amount consists of: (A) 223,440 Shares held for the
account of Glenview Capital Partners; (B) 2,663,212 Shares held for the
account of Glenview Capital Master Fund; (C) 1,147,463 Shares held for the
account of Glenview Institutional Partners; (D) 103,896 Shares held for the
account of the GCM Little Arbor Master Fund; (E) 20,458 Shares held for the
account of GCM Little Arbor Institutional Partners; and (F) 523 Shares held
for the account of GCM Little Arbor Partners.
Item 4(b). Percent of Class:
The number of Shares of which each of Glenview Capital
Management, Glenview Capital GP and Mr. Robbins may be deemed to be the
beneficial owner constitutes approximately 5.7% of the total number of Shares
outstanding (based upon information provided by the Issuer in its most
recently-filed quarterly report on Form 10-Q, there were 72,926,850 shares
outstanding as of March 5, 2007).
Item 4(c). Number of Shares of which such person has:
Glenview Capital Management, Glenview Capital GP and Mr. Robbins:
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(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 4,158,992
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 4,158,992
Page 7 of 10 Pages
Item 5. Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company:
See disclosure in Item 2 hereof.
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies
that, to the best of their knowledge and belief, the securities referred to
above were not acquired and are not held for the purpose of or with the effect
of changing or influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
Page 8 of 10 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Date: March 30, 2007 GLENVIEW CAPITAL MANAGEMENT, LLC
By:
/s/ Lawrence M. Robbins
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Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: March 30, 2007 GLENVIEW CAPITAL GP, LLC
By:
/s/ Lawrence M. Robbins
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Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: March 30, 2007 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
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Page 9 of 10 Pages
EXHIBIT INDEX
Ex. Page No.
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A Joint Filing Agreement, dated March 30, 2007 by and
among Glenview Capital Management, LLC, Glenview
Capital GP, LLC and Lawrence M. Robbins............ 10
Page 10 of 10 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with
respect to the Common Stock of Take-Two Interactive Software, Inc. dated as of
March 30, 2007 is, and any amendments thereto (including amendments on Schedule
13D) signed by each of the undersigned shall be, filed on behalf of each of us
pursuant to and in accordance with the provisions of Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended.
Date: March 30, 2007 GLENVIEW CAPITAL MANAGEMENT, LLC
By:
/s/ Lawrence M. Robbins
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Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: March 30, 2007 GLENVIEW CAPITAL GP, LLC
By:
/s/ Lawrence M. Robbins
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Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: March 30, 2007 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
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