Take-Two Interactive Software

7 Stories

Hidden Sex Scenes Cost Grand Theft Auto $20M

Take-Two settles suit over x-rated 'Hot Coffee' uproar

(Newser) - The makers of Grand Theft Auto are shelling out $20 million to settle a lawsuit over hidden sex scenes in a version of the popular video game, reports Gawker. The suit by investors claims Take-Two Interactive Software officials knew about the x-rated "Hot Coffee" minigame inserted by programmers before...

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...

Grand Theft Auto Burns Up Sales Record

Tops Halo 3's first week take

(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...

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....

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 Promises Solid 2008
Take-Two Promises Solid 2008
Mar 12, 2008 8:25 AM CDT

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....

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...

7 Stories