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Published on March 19th, 2007 | by Deejay Knight, Editor/Founder

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Take-Two Considering Sale of the Company?

In a somewhat surprising move, Take-Two Interactive’s investors announced today that they might be looking into possible sale of the company.

A group of prominent Take-Two investors owning 46% of the company’s shares, including OppenheimerFunds, D.E. Shaw Valence Portfolios, S.A.C. Capital Management and Tudor Investment, are looking to remove current CEO Paul Eibeler and bring about changes within the company’s board of directors.

Due to this, Take-Two has announced that it has postponed its annual meeting from March 23rd until March 29th “…to provide additional time to review the proposed actions of the shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders.”

The main example of an alternative course of action is “a possible sale of the Company”, though the official notice also notes: “There is no assurance that any specific alternative proposal will be forthcoming.”

I’m not completely sure what to say to that, considering the fact that Grand Theft Auto IV is due out this fall – which is almost a guarantee of money by the truckload.

Whether they go through with the sale – and who they sell to – is probably one of the most feared questions for gamers right now. With large companies buying out their rivals becoming commonplace, this gamer is a little afraid of who might do the buying…

Take-Two Considering Sale Of Company [via Gamasutra]


About the Author

Deejay has been a gamer since the Atari 2600, has wrestled–and defeated–alligators with only his toes, and once aligned all the planets in the Solar System by uttering the words "Coo Coo Ka-Choo". In his sleep. He currently bides his time behind the scenes here at GAMINGtruth.com, streaming at http://www.twitch.tv/deejayknight and teaching.



  • http://grendelpr1me.blogspot.com/ Grendel Pr1me

    This is more along the lines of the equity groups that are listed there. It’s a classic investment move by all the investment firms, that invest, strengthen and then sell at a profit. Much the same way Bioware is owned by Elevation Partners, and was combined with Pandemic.

    This is usually a move, along with the CEO shakeup to strengthen up the brand in order to sell off at the maximum possible sale point.

    If this was the CEO saying it, I would be worried, but since it’s a bunch of investment capital groups, it’s just another day for them.

  • http://grendelpr1me.blogspot.com/ Grendel Pr1me

    This is more along the lines of the equity groups that are listed there. It’s a classic investment move by all the investment firms, that invest, strengthen and then sell at a profit. Much the same way Bioware is owned by Elevation Partners, and was combined with Pandemic.

    This is usually a move, along with the CEO shakeup to strengthen up the brand in order to sell off at the maximum possible sale point.

    If this was the CEO saying it, I would be worried, but since it’s a bunch of investment capital groups, it’s just another day for them.

  • Slipstream BRO

    That makes sense, Grendel. Especially with all the hype around the recent lawsuits. They really should thank Jack Thompson for bringing their game into the public eye even more.

    Their games are solid, but all the press hasn’t/won’t hurt the sales.

  • Slipstream BRO

    That makes sense, Grendel. Especially with all the hype around the recent lawsuits. They really should thank Jack Thompson for bringing their game into the public eye even more.

    Their games are solid, but all the press hasn’t/won’t hurt the sales.

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