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Shares of Take-Two Interactive Software Inc. plunged 13 percent in after-hours trading after the video game maker cut its financial outlook, citing lackluster orders from retailers and the delay of a popular new title.
Take-Two Interactive Software Inc. issued a fiscal second-quarter outlook below Wall Street's estimates Tuesday but reiterated its full-year guidance following better-than-expected first-quarter results.
Video game publisher Take-Two Interactive Software Inc. posted a larger loss for its fiscal first quarter Tuesday as higher marketing, development and legal costs outweighed stronger sales, but results topped Wall Street expectations.
Now that a potential buyer has walked away, the video game publisher behind the popular "Grand Theft Auto" series could remain an independent company for the foreseeable future.
Video game publisher Electronic Arts Inc. is retracting its hostile bid for smaller rival Take-Two Interactive Software Inc., but a deal — and a friendly one at that — is likelier than ever.
Video game publisher Electronic Arts Inc. has again extended the deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc.
Video game publisher Electronic Arts Inc. has for a third time extended the deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc., but it did not raise the price as many analysts had expected.
"Grand Theft Auto IV" raked in more than $500 million in its first week in stores, selling more than 6 million units worldwide, the video game's publisher said Wednesday.
Take-Two Interactive Software Inc., publisher of the popular "Grand Theft Auto" video game series, wanted more time to consider a $2 billion buyout by larger rival Electronic Arts Inc., and it wanted more money. On Friday, half its wish came true.
Shareholders of Take-Two Interactive Software Inc. easily passed a proposal Thursday to grant ZelnickMedia, the company's management, 1.5 million shares of restricted stock.
"Grand Theft Auto" publisher Take-Two Interactive told its shareholders Wednesday to reject a $2 billion buyout bid from rival video game company Electronic Arts, saying the offer is not high enough.
The heat is on: Electronic Arts Inc.'s $2 billion bid for "Grand Theft Auto" maker Take-Two Interactive Software Inc. turned hostile Thursday as EA took its $26-per-share offer directly to Take-Two shareholders.
Its biggest moneymaker is weeks away from hitting store shelves, but "Grand Theft Auto" publisher Take-Two Interactive Software Inc. posted fiscal first-quarter results that topped Wall Street's expectations Tuesday.
Take-Two Interactive Software Inc., 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.
Take-Two really not talking about GTA V, reallyDuring Take-Two's Q3 earnings call today, Chairman of the Board Strauss Zelnick made it (very) clear that the next game in the Grand Theft Auto series is something they're not discussing publicly. At all.
Project Natal, PlayStation Motion Dev Kits 'Embedded' at Take-Two's StudiosWith both Project Natal from Microsoft and Sony's motion controller expected to launch in 2010, game companies are getting their hands on the dev kits and are starting to flesh out game concepts for the new technologies.
Take-Two stock takes a nosedive after BioShock 2 delayYesterday's news that Take-Two would be delaying the release of BioShock 2 to the 2010 fiscal year was a bit of a disappointment -- the game was definitely one of the most anticipated of the holiday season.
Take-Two not expecting profitability for fiscal '09Take-Two held a conference call, following the disappointing news of BioShock 2's delay, to update investors on its current financial situation.
New Technology Gadget Could Make Wii, Xbox, PS3 ObsoleteWhat if you could stream top-end games to your TV, just like a Youtube video that you can control? You'd never need to buy a console again.
Jack Thompson believes God struck down Take-TwoEveryone's favorite ex-lawyer is at it again.
Take-Two on the future of video game revenueWhen Take-Two Interactive Software's executive chairman envisions future revenue for the video game industry, he sees microtransactions and downloadable content as the "biggest opportunity" and calls subscription revenue the "holy grail."
EA finally gives up on Take-Two acquisitionIt would have been one of the biggest publishing takeovers in the history of the gaming industry, but it apparently wasn't meant to be: after months of back-and-forth negotiations, EA's long-standing attempt to takeover Take-Two has finally come to an end.
"Hot Coffee" Class Action Suit Squashed By The CourtYou may recall that in November of last year, U.S. District Court for the Southern District of New York granted preliminary approval of a settlement of several class action suits against Take-Two.
'Grand Theft Auto' Beats 'Halo 3' Record With $500M First Week SalesTake-Two Interactive Software Inc scored more than $500 million in global sales of criminal action game "Grand Theft Auto 4" in its first week, marking what it said on Wednesday is one of the most lucrative entertainment events in history.
Jack Thompson Reaches Out To Take-Two Exec's MotherThe email is provocative, to say the least. Not only does it say Mr. Zelnick is "like the Hitler Youth," it also attributes the deaths of three Alabama policemen and "a recent plethora of cop killings" to prior entries in the GTA series.
Pachter: EA Should Delay GTA IV's April 29 ReleaseOn the latest episode of Bonus Round, Pachter told host Geoff Keighley, "I think if EA takes over Take-Two, they have an economic incentive to delay [Grand Theft Auto IV]." What economic incentive might that be? Why, to hold the release until the far more lucrative fourth quarter.
Rockstar snaps up new studioRockstar Games has made a significant acquisition ahead of the release of GTA IV on April 29th - Massachusetts-based Mad Doc Software. The deal comes amid EA's hostile bid for Rockstar parent Take Two - a saga which is set to be concluded later this month.
BioShock MMO, Mobile, And Movie Are 'Potential Opportunities' As predictable as adapting moody, atmospheric shooter BioShock into a movie is – hell, if they're squeezing a mobile game out of the "franchise" a movie hardly seems far-fetched – we weren't quite expecting to hear that owner Take-Two is considering a BioShock MMO as well.
The Bar Trial of Jack Thompson (Part 5): 2nd Take Two Attorney TestifiesRebecca Ward was one of two Blank Rome attorneys who testified against Jack Thompson in his November, 2007 Bar trial.
Game Giant Electronic Arts Begins Hostile Bid for Take-TwoGame publisher Electronic Arts is turning to shareholders in its fight to acquire rival Take-Two Interactive Software. The world's largest game publisher announced yesterday that it would pay $26 per share of Take-Two stock, the same price the Take-Two board rejected last month.
Rumor: GTA IV Multiplayer to Boast 15 modes, 16 PlayersThere are purportedly fifteen multiplayer game modes (full list after the break) with support for up to sixteen, totally customizable players.
EA's Take-Two Buyout Offer Turns HostileTake-Two may have rejected Electronic Arts' first $2 billion offer to acquire the company, but EA is trying again, this time by reaching out directly to the shareholders in a hostile takeover bid.
Rockstar wins Manhunt 2 battleThe makers of a video game which was outlawed for being "sadistic, brutal and bleak" have finally had the ban lifted after an extended legal battle.
EA Makes All Cash Tender Offer to Purchase Take-Two With Take-Two Executive Chairman Strauss Zelnick having thoroughly rejected EA's initial buyout offer, the Madden and Burnout publisher has redirected its corporate Katamari at Take-Two shareholders.
Bioshock sequel confirmed by Take TwoDuring an investor call, Take Two announced it will release a sequel of its widely-acclaimed game, Bioshock.
BioShock 2 made officialTake-Two has made official what everyone already suspected: a sequel to one of last year's biggest games, BioShock, will be coming in 2009.
Why Take-Two should waltz to the altar with a smileWe've seen this dance before—a big, bad boy with deep pockets goes a-courting a dainty but pretty partner. The target rebuffs this advance, and things turn hostile pretty quick.
Take-Two pushes backThe first major ripple from Electronic Arts' takeover bid for Take-Two Interactive Software pulsated through the stock market Monday, driving Take-Two's share price up 55 percent, a company record.
'Grand Theft Auto' video game maker rejects Electronic Arts' buyout bidTake-Two immediately rejected the offer, just as it rejected previous approaches from EA that were made privately but detailed Sunday when EA went public with its bid of $26 a share.
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