** Take-Two Interactive Software's TTWO.O shares fall 3.8% to $228.40 premarket after stock sale priced

** Videogame publisher late Tuesday priced stock offering of 4.75 million shares at $225 apiece for gross proceeds of $1.07 billion

** Offering priced at a 5.3% discount to the stock's last close

** TTWO plans to use the proceeds for general purposes, including debt repayment and future acquisitions

** J.P. Morgan and Goldman Sachs were the lead bookrunning managers for the offering

** Stock closed up 1.2% at $237.50 on Tuesday

** Prior to stock offering, TTWO had ~177.1 million outstanding shares

** 25 of 29 brokerages rate the stock "buy" or higher and 4 "hold"; median PT $252.50 - data compiled by LSEG

** As of last close, TTWO stock up 29% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))