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December 2, 2008 9:17:13 PM CST


Take-Two Interactive Software

Take-Two Interactive Software news stories

6 Stories

Crime Pays for
Grand Theft Auto Maker

Game blows away sales records, jacks up profit forecasts

(Newser) - Profit forecasts have shot through the roof at Take-Two Interactive Software, thanks to the runaway success of Grand Theft Auto IV, reports MarketWatch. The company is boasting a $100 million second-quarter profit, up from a $50 million loss for the same period last year—even though the blockbuster game was released just two days before the quarter ended. More »

More about:  video game software Electronic Arts Grand Theft Auto IV Take-Two Interactive Software Grand Theft Auto

(Newser) - Grand Theft Auto IV made off with a clean $500 million in its first week on sale, the biggest bow ever for a video game, MTV reports. The take left in the dust Halo 3’s $300 million debut, the previous record holder. It also surpasses any movie or music launch to date, manufacturer Take-Two’s chairman was quick to point out. More »

More about:  video game Grand Theft Auto IV Take-Two Interactive Software

 New Grand Theft 
 May Shatter Sales 
 Records Today  

Controversial game could change math in EA takeover bid

(Newser) - Everyone’s favorite controversy magnet is coming back to consoles—and it’s going to make a lot of money. Grand Theft Auto IV went on sale today, and it’s expected to shatter sales records, the Wall Street Journal reports. One analyst predicts $400 million in its first week. An opening like that could change the fortunes of its producer, Take-Two Interactive Software, which is in takeover talks. More »

More about:  video game Electronic Arts Grand Theft Auto IV Take-Two Interactive Software Grand Theft Auto

EA Gets Hostile in
'Grand Theft' Takeover Bid

Video game maker plans to bypass Take-Two management

(Newser) - Electronic Arts is renewing its $2 billion bid to take over rival Take-Two Interactive—but this time the offer will go directly to the video game maker's shareholders, in a sign the potential deal may be turning hostile, reports the Wall Street Journal. EA’s initial offer was rejected by Take-Two management, who said it undervalued the company, even though the $26 per share represented a 50% premium at the time. More »

More about:  acquisition Electronic Arts hostile takeover Grand Theft Auto IV Take-Two Interactive Software EA Sports

Take-Two Promises Solid 2008

Game maker upbeat despite losses; rebuffs EA takeover talks 

(Newser) - Videogame maker Take-Two Interactive—owner of gamer favorites Grand Theft Auto and Bioshock—said first quarter losses jumped nearly 77% to $38 million while revenue fell some 13% to $240.4 million, reports the New York Times . But the company projected an upbeat 2008 with revenues growing 40% to $1.4 billion and earnings of $1.55 per share. More »

More about:  acquisition takeover bid Grand Theft Auto IV revenue Take-Two Interactive Software EA Sports

EA Maneuvers to Nab 'Grand Theft Auto'

Video game giant pushing $2B hostile bid for rival Take-Two

(Newser) - Video game kingpin Electronic Arts disclosed yesterday a $2 billion hostile takeover bid to acquire rival Take-Two Interactive Software, and capture the popular “Grand Theft Auto” franchise. EA, publisher of Madden NFL titles, said the $26-a-share offer represented a 50% premium over Take-Two’s closing price on Friday, but Take-Two’s chairman complained the offer was “woefully undervalued.” More »

More about:  mergers and acquisitions video game Electronic Arts Take-Two Interactive Software Grand Theft Auto The Sims Madden NFL 08 game development

6 Stories

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