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Comic for: March 21st, 2007
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Gaming News: "Take Two: For Sale?"
Posted: Wednesday March 21st, 2007 by

After recent rumblings that the investors intended replace the entire board of directors and the CEO in an effort to bring the company back in control1, Take Two Interactive announced that, among other options, it would consider selling the company.2 Analyst response to this move seems to indicate that a sale is less than imminent.
Source: Gamespot [ more info ]

With all the scandals and lawsuits floating around their heads and the investors breathing down their necks, if I were the board of directors at Take Two, I'd consider selling the company too. Though, honestly, I realize it's little more than a bluster move to stir movement, because at this point any kind of movement is good. It shows the shareholders that the company is actively considering methods of making their stocks worth more.

Then again, it could very well be a delay tactic. Along with the announcement of consideration of a sale they pushed their annual stockholder meeting from March 23rd to the 29th. This date coincides with the release of the first Gand Theft Auto IV trailer. Take Two might well be trying to use the response to the trailer to beat back the barbarians shareholders at the gates.

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