Take-Two Says it Will Remain Independent

October 2, 2008

With EA out of the picture, Take-Two has apparently decided to go it alone.

That word comes by way of a press release issued today by the Grand Theft Auto publisher. Citing "detailed discussions with various interested parties over the last five months," T2 has concluded that stockholders will be best served by the company staying its course.

Chairman Strauss Zelnick is quoted in the press release:

Take-Two’s Board of Directors and management have a clear mandate from stockholders to maximize value. We are strongly positioned creatively, financially and competitively to benefit from the opportunities we see in the fastest growing segment of the entertainment industry.

CEO Ben Feder invoked the success of GTA franchise and cited the rest of T2's catalogue:

Take-Two’s recent performance demonstrates our potential to create value for the long term. We have delivered solid financial results and expanded our portfolio of leading titles, which includes the powerful Grand Theft Auto franchise, as well as 15 other wholly owned brands with sales of more than one million units each.

Posted in

Comments

Re: Take-Two Says it Will Remain Independent

Submitted by Ragnaar on Thu, 10/02/2008 - 19:15.

Still... I'd expect the stock to rise... they recently released info for the Trophies that PS3 players will be able to earn once the trophy patch comes out.

Re: Take-Two Says it Will Remain Independent

Submitted by VideolandHero on Thu, 10/02/2008 - 12:36.

I think Take-Two's stock is going down because GTAIV has been out for months now.

--- Official Protector of Videoland!

Re: Take-Two Says it Will Remain Independent

Submitted by DeepThorn on Thu, 10/02/2008 - 12:26.

I wondered why their stock was falling today, because it normally goes up the day after EA takes a big hit. Their stock has been extremely stable for the past few years other than the artificial boost they got when EA showed interest.

I would stand alone too, they should have included their stability is far more superior than any other game publisher in the industry, since they are the ONLY publisher to gain value here and there throughout this whole economic mess where are government is giving it to us up the pooch.

Nido Web Flash Tutorials AS2 and AS3 Tutorials for anyone interested.
How to set Xbox 360 Parental Controls

Shout box

ZippyDSMlee: Something I did by hand on my convertiable laptop, http://zippydsmlee.deviantart.com/art/Cotlop-zelda-unfinished-sketch-WIP-finish-373937163 forgot if I posted it befor.06/19/2013 - 7:44pm

Conster: Also, I guess The War Z changed its name so they can scam some more people?06/19/2013 - 7:44pm

Conster: AE: when even HuffPo makes the same joke, it's not something you want to take credit for. :P06/19/2013 - 7:43pm

Andrew Eisen: Hey look! The War Z changed its name to Infestation: Survivor Stories. http://infestationmmo.com/06/19/2013 - 7:23pm

Andrew Eisen: You're going to have a lot of company in prison, RedMage. Most of the internet has stolen MY joke. Bastards!06/19/2013 - 7:06pm

RedMage: The cover art thing points to an industry trend of only wanting to appeal to teen boys despite the talk of "broadening the appealz"06/19/2013 - 6:17pm

RedMage: I'd like to turn myself in for unintentional theft of a joke. Ignorance of the law is no excuse :o06/19/2013 - 6:17pm

Andrew Eisen: Remember the fight to get Last of Us's Ellie on the game cover? Check this out: http://cheezburger.com/758618624006/19/2013 - 6:12pm

Andrew Eisen: RedMage - Thief! You stole my joke! You're a horrible, loathesome person! Or you simply had the same idea and didn't read my earlier shout!06/19/2013 - 5:35pm

RedMage: Maybe they're going to rename it the Xbox 18006/19/2013 - 5:26pm

IanC: Bet EA are pissed.06/19/2013 - 5:17pm

Andrew Eisen: Ah, James is just a little quicker on the keyboard than I!06/19/2013 - 5:07pm

Craig R.: Too little, too late.06/19/2013 - 4:52pm

DorthLous: PWAHAHAHAH, the MS spinning sound woke me up :)06/19/2013 - 4:27pm

Andrew Eisen: Microsoft's new console shall now be known as the Xbox One-Eighty.06/19/2013 - 4:17pm

Andrew Eisen: I imagine we were typing our respective shouts at the same time.06/19/2013 - 4:14pm

MaskedPixelante: So Andrew... is there going to be a new poll now? I mean, the one about the XBO DRM is kinda no longer relevant.06/19/2013 - 4:13pm

Andrew Eisen: In light of Xbox One's furious backpeddling on its DRM policies, I'm closing the poll for now. I'll probably write a new one later today or tomorrow.06/19/2013 - 4:11pm

IanC: Found three people whining about this so far. Saying that its because of cheapasses and that its going to be horrible online now. W T and indeed F.06/19/2013 - 4:09pm

Andrew Eisen: Technogeek - I agree but: "After a one-time system set-up with a new Xbox One, you can play any disc based game without ever connecting online again." Why do I need to connect online to set up a system I'm not going to use online?06/19/2013 - 4:07pm

All shouts

<< Return To Top

Forgot your password?
Username :
Password :