Take-Two drops on planned $1 bln stock offering

Shares of video game publisher Take-Two Interactive Software TTWO.O down 3.4% to $229.55 post-market as co looks to raise equity

Co announces $1 bln stock offering for general purposes, including potential debt repayment and future acquisitions

JP Morgan and Goldman leading the offering

Co has ~177.1 mln shares outstanding for $42 bln market cap

TTWO shares on Tues finished up 1.2% at $237.50, up 29% YTD

Co last Thurs forecasted annual bookings below revised Wall Street expectations, weighed down by delay of its highly anticipated "Grand Theft Auto VI"