UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
TAKE TWO INTERACTIVE SOFTWARE, INC.
-----------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
874054109
---------------------
(CUSIP Number)
February 16, 2006
-------------------------
(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 9 Pages
SCHEDULE 13G
CUSIP No.: 874054109 Page 2 of 9 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MANAGEMENT, LLC
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |_|
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
Delaware
.................................................................................
Number of 5. Sole Voting Power None
Shares .................................................................
Beneficially 6. Shared Voting Power 7,883,372
Owned by Each .................................................................
Reporting 7. Sole Dispositive Power None
Person With .................................................................
8. Shared Dispositive Power 7,883,372
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
7,883,372
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|_|
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
11% based on 71,437,927 shares outstanding as of January 20, 2006.
.................................................................................
12. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: 874054109 Page 3 of 9 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL GP, LLC
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |_|
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
Delaware
.................................................................................
Number of 5. Sole Voting Power None
Shares .................................................................
Beneficially 6. Shared Voting Power 7,883,372
Owned by Each .................................................................
Reporting 7. Sole Dispositive Power None
Person With .................................................................
8. Shared Dispositive Power 7,883,372
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
7,883,372
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|_|
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
11% based on 71,437,927 shares outstanding as of January 20, 2006.
.................................................................................
12. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: 874054109 Page 4 of 9 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MASTER FUND, LTD.
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |_|
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
Cayman Islands, British West Indies
.................................................................................
Number of 5. Sole Voting Power None
Shares .................................................................
Beneficially 6. Shared Voting Power 4,758,092
Owned by Each .................................................................
Reporting 7. Sole Dispositive Power None
Person With .................................................................
8. Shared Dispositive Power 4,758,092
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,758,092
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|X|
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
6.7% based on 71,437,927 shares outstanding as of January 20, 2006.
.................................................................................
12. Type of Reporting Person:
CO
SCHEDULE 13G
CUSIP No.: 874054109 Page 5 of 9 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LAWRENCE M. ROBBINS
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |_|
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
United States of America
.................................................................................
Number of 5. Sole Voting Power None
Shares .................................................................
Beneficially 6. Shared Voting Power 7,883,372
Owned by Each .................................................................
Reporting 7. Sole Dispositive Power None
Person With .................................................................
8. Shared Dispositive Power 7,883,372
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
7,883,372
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|_|
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
11% based on 71,437,927 shares outstanding as of January 20, 2006.
.................................................................................
12. Type of Reporting Person:
IA
Page 6 of 9 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");
iii) Glenview Capital Master Fund, Ltd. ("Glenview Capital Master
Fund"); and
iv) Lawrence M. Robbins ("Mr. Robbins").
This Statement relates to Shares (as defined herein) held for the
accounts of Glenview Capital Master Fund, Glenview Capital Partners, L.P., a
Delaware limited partnership ("Glenview Capital Partners"), Glenview
Institutional Partners, L.P., a Delaware limited partnership ("Glenview
Institutional Partners"), 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").
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 399 Park Avenue,
Floor 39, New York, New York 10022. The address of the principal business office
of Glenview Capital Master Fund is Harbour Centre, North Church Street, P.O. Box
8966T, George Town, Grand Cayman, Cayman Islands, British West Indies.
Page 7 of 9 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;
iii) Glenview Capital Master Fund is a Cayman Islands exempted
company; and
iv) Mr. Robbins is a citizen of the United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 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:
(i) As of February 21, 2006, each of Glenview Capital Management,
Glenview Capital GP and Mr. Robbins may be deemed to be the beneficial owner of
7,883,372 Shares. This amount consists of: (A) 413,840 Shares held for the
account of Glenview Capital Partners; (B) 4,758,092 Shares held for the account
of Glenview Capital Master Fund; (C) 2,313,163 Shares held for the account of
Glenview Institutional Partners; (D) 311,196 Shares held for the account of GCM
Little Arbor Master Fund, (E) 81,858 Shares held for the account of GCM Little
Arbor Institutional Partners, and (F) 5,223 Shares held for the account of GCM
Little Arbor Partners.
(ii) As of February 21, 2006, Glenview Capital Master Fund may be
deemed to be the beneficial owner of 4,758,092 Shares held for its account.
Item 4(b). Percent of Class:
(i) 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 11% of the total number of Shares
outstanding (based upon information provided by the Issuer in its annual report
on Form 10-K, there were approximately 71,437,927 shares outstanding as of
January 20, 2006).
(ii) The number of Shares of which Glenview Capital Master Fund
may be deemed to be the beneficial owner constitutes approximately 6.7% of the
total number of Shares outstanding (based upon information provided by the
Issuer in its annual report on Form 10-K, there were approximately 71,437,927
shares outstanding as of January 20, 2006).
Page 8 of 9 Pages
Item 4(c) Number of Shares of which such person has:
Glenview Capital Management, Glenview Capital GP, and Mr. Robbins:
------------------------------------------------------------------
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 7,883,372
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 7,883,372
Glenview Capital Master Fund:
-----------------------------
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 4,758,092
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 4,758,092
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 9 of 9 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: February 21, 2006 GLENVIEW CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence M. Robbins
----------------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 21, 2006 GLENVIEW CAPITAL GP, LLC
By: /s/ Lawrence M. Robbins
----------------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 21, 2006 GLENVIEW CAPITAL MASTER FUND, LTD.
By: Glenview Capital Management, LLC
As Investment Manager
By: /s/ Lawrence M. Robbins
----------------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 21, 2006 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
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