"Revenue was down in the most recent quarter, but Take-Two is confident in its new restructuring plan. CEO Ben Feder acknowledged that further layoffs would be necessary at the company. Take-Two has also promoted its interim CFO to permanently assume the role."
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Take-Two's earning statement confirms BioShock 2 is coming in fiscal year 2009. That would likely put its release sometime next holiday season. The report's formatting initially had PS3, Xbox 360 and PC next to BioShock 2 but it has since been revised with "TBA." The report also states Grand Theft Auto IV has sold over 10 million copies worldwide as of August 16.
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"Commenting on possibilities for Grand Theft Auto IV or other games in the series to make a move to Wii, CEO Ben Feder cited the upcoming Chinatown Wars for DS as "an important step" in developing a "relationship" with Nintendo."
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Take-Two Interactive Software Inc. (NASDAQ:TTWO), maker of the 'Grand Theft Auto' video game series, said Thursday that other companies are interested in buying it, but Take Two has not received any formal offers and is not negotiating a merger with anyone.
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It looks like Carl Icahn is once again building a position in Take-Two Interactive.
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Publisher avoids admission of wrongdoing in class action by offering customers edited Grand Theft Auto: San Andreas or $35 cash payment.
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Despite rumors to the contrary a knowledgeable source claims Viacom is not in talks to buy Take-Two interactive. After reports on the web said Viacom had offered $1.5 billion for Take-Two, parent company of GTA developer Rockstar, saw a 12% rise in shares.
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Speaking at the Reuters Media Summit in remarks reported by the news agency, Take-Two Interactive chairman Strauss Zelnick has reiterated that his plans for the company involve expanding its business not preparing it for sale to a third party, as some analysts have speculated in the past. According to Zelnick,...
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Rumor has it that 2K Sports have walked away from negotiations with The Collegiate Licensing Company and that 2K9 College Hoops has been officially canned due to the break down in the talks. Electronic Arts may be in the process of trying to secure another exclusive sports franchise by landing the same sort of licensing deal that managed to grab with the NFL.
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Take-Two is to outsource its own distribution business, Jack of All Games, to new partner Ditan Distribution. Ditan will now handle all shipping, receiving and warehouse management of the business, along with the Jack of All Games lease and staff, based in West Chester, Ohio.
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