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NEWS ABOUT: Take-Two Interactive Software

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... More »

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... More »

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... More »

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.... More »

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... More »

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.... More »

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... More »

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