6 posts and columns on Take-Two Interactive Software

News Byte

Game Publisher Take-Two in Play?

in News on October 29, 2010 at 1:25 pm PT

Shares of videogame publisher Take-Two Interactive Software closed up almost 5 percent today on speculation that the impending departure of CEO Ben Feder, announced this morning, will help clear the way for buyout bids. Possible suitors for the company, which just turned in a surprisingly good quarter, include Electronic Arts, Activision Blizzard, Ubisoft and various private-equity outfits.

Controversial, Long-Awaited Duke Nukem Forever Will Finally Be Released

in News on September 3, 2010 at 11:28 am PT

After a decade in development, Duke Nukem Forever, a video game synonymous with never being released, is finally being released. The game is being finished by Gearbox Software and will be published by Take-Two Interactive, maker of the Grand Theft Auto series.

News Byte

Take-Two Shoots Out the Lights

in News on September 2, 2010 at 1:06 pm PT

Take-Two Interactive whupped the tarnation out of its own guidance for its fiscal third quarter today, thanks largely to the success of Red Dead Redemption, the Old West action-adventure game that was released in May and has sold almost 7 million units since. Instead of coming in between $250 million and $300 million, as the company expected, Q3 revenue hit $354.1 million, and non-GAAP net income was 28 cents a share, not the predicted loss of 10 to 20 cents a share. Guidance for Q4 and the full year has been raised appropriately.

Supreme Court to Hear Videogames Case

in News on April 27, 2010 at 5:00 am PT

The U.S. Supreme Court on Monday agreed to decide the constitutionality of a California law that seeks to ban the sale of violent videogames to minors. Two lower courts struck down the law as an unconstitutional restriction on freedom of speech.

Little Fun in Gaming Take-Two

in News on December 22, 2009 at 9:18 am PT

There may be an action videogame in the latest maneuvering over Take-Two Interactive Software but that’s likely the only way investors will get something out of it. No one should have any hopes that Carl Icahn, who on Thursday disclosed an 11.3 percent stake in the video game maker, can ride to the rescue.

EA, Take-Two Deal Killed in Liberty City Hit-And-Run

in News on September 15, 2008 at 5:30 am PT

The high-speed pursuit by Electronic Arts of Take-Two Interactive Software and the bounties of its Grand Theft Auto franchise has ended in a set of flat tires. On Sunday EA (ERTS) dropped its $2 billion tender offer for the rival videogame maker. The company didn’t say exactly what prompted it to end talks with its smaller rival, though presumably it had something to do with Take-Two’s bashing of EA’s $25.74-per-share bid as too low and the company’s acquisition strategy as “mystifying.”