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Video game developer Take-Two Interactive Software Inc. struck a licensing agreement with the National Basketball Association and its players' union, The Wall Street Journal reported Jan. 15, citing a person with knowledge of the matter.
Under the agreement, Take-Two's 2K studio will continue making its NBA 2K franchise and other NBA-branded games, including smartphone apps.
Take-Two Interactive will pay up to $1.1 billion over seven years under the deal's terms.