1 posts and columns on Matthew Devlin

Real-Life “Grand Theft”: Inside Traders Made $250,000 Off of Electronic Arts’ Take-Two Bid

in Media on December 18, 2008 at 3:43 pm PT

Here’s yet another twist to the long, sad saga of Electronic Arts’ failed bid for Take-Two Interactive: The SEC says day traders who were tipped off about EA’s interest in the videogame company ended up making $250,000 on the deal. Long-term shareholders in Take-Two, meanwhile, have gotten creamed.