The Paramount film grossed USD 65 million at the box office in its opening weekend and USD 97.3 million worldwide.
Michael Bay, Andrew Form, Brad Fuller and Galen Walker are returning as the producers on the sequel with the writing team of Josh Applebaum and Andre Memec, said the Hollywood Reporter.
It is not clear whether director Jonathan Liebesman will return for the sequel as well, which will release on June 3, 2016.
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