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TruXter

Take two says

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TruXter

t 2

Take-Two Interactive Software, Inc. Provides Update Regarding Annual Meeting of Shareholders

 

New York, NY - March 26, 2007 - Take-Two Interactive Software, Inc. (NASDAQ: TTWO) previously announced that the Company had postponed its annual meeting from March 23, 2007 until March 29, 2007 to provide additional time to review the proposed actions of a shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders, including a possible sale of the Company. The Board of Directors now believes that it is unlikely to present alternative courses of action prior to the annual meeting on March 29th. The Company is continuing to have discussions with representatives of the shareholder group.

 

Digg It

 

 

Contrary to what gamespot says (morons), it looks like they are going to cut a deal with share holders instead of sell off.

I'm clarifying this.

Edited by TruXter

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IslandLee

yay, happy news biggrin.gif

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UnitedDestruction

 

The Board of Directors now believes that it is unlikely to present alternative courses of action prior to the annual meeting on March 29th.

doesnt that mean that they just arent going to say anything about it until the meeting? well, if im wrong, and there is really going to be no sale, then awesome. awesome to the max

 

edit: i guess it could mean alternatives to selling the company

Edited by UnitedDestruction

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mrmojo_prime

All things sound good in the Take-two camp, Lets just hope it stays that way.

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Mike0

Im glad they aren't selling. If that is true. Now all the analysts and advises can shut up biggrin.gif

 

I want T2 to be just like in the "old times". Just do their stuff.

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LSD

Uhm, there is no word about a possible sale. They just say there will no infos prior the meeting. Am I right?

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lastmanonearth

Ooooh... Really? Damn! Man, I was going to buy Take Two! tounge.gif

 

But seriously, wouldn't it be great if the company was bought out by a real GTA fanatic! I for one would cancel all other projects and put all resources solely into GTA games.

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TruXter
Uhm, there is no word about a possible sale. They just say there will no infos prior the meeting. Am I right?

This is a follow up to a prior post from them

where they suggest they are gonna consider selling.

 

if you can take the last one in as selling the company...

then you can easily take this one that same way.

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Mike0

I've been reading on the net that they haven't found a buyer and are talking to the "takeover" group which owns 46%.

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TruXter
I've been reading on the net that they haven't found a buyer and are talking to the "takeover" group which owns 46%.

where have you been reading this?

 

I see that confirmed no where on take two's site.

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Master-Of-GTA

Why is Take-Two even up for sale? Especially this close to GTA4?

 

(Sorry if I'm behind the times, but if Jack Thompson has anything to do with it, I'LL BLOW HIS f*ckING HEAD OFF! MWAH-HA-HA-HA-HA-HA-HA-HAAAAAA!!!)

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Greene

I don't think a sale would affect the GTA Franchise in any big way. That is unless Microsoft or Sony bought them, but thats not going to happen now.

A sale of Take Two could even be a good thing as they've been having alot of problems over the last year or two.

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Norway's_GTA_ambassador

excellent news biggrin.gifbiggrin.gifbiggrin.gif

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Mike0

From Gamespot

 

Take-Two sale looks likely

 

Grand Theft Auto publisher's board reviews options after shareholder revolt, can't see alternative course of action.

 

By Emma Boyes, GameSpot UK

 

Posted Mar 27, 2007 3:21 am PT

 

After a series of high-profile setbacks for the company, including the infamous Hot Coffee mod for Grand Theft Auto: San Andreas, a stock options scandal, and criminal charges being made against its former CEO and founder, a group of Take-Two shareholders revolted and announced its intention to replace the current CEO and board of directors. The shareholder group proposed reducing the board of directors from nine to six, and appointing new members of its own choosing.

 

Take-Two's board responded by postponing the annual meeting from March 23 to March 29 in order to "provide additional time to review the proposed actions of a shareholder group and also to evaluate alternative courses of action."

 

Today the board has announced ahead of the meeting that it will be "unlikely" to present any alternative plans at the meeting, which would mean that a sale would be the only option. The statement continued, "The Company is continuing to have discussions with representatives of the shareholder group."

 

 

It seems we dont know how to read business news.

 

Whatever happens, we will know on 29th when we see the trailer and find out whats up with Take2.

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LSD

Bad 'n sad News: gamestar.de says a sale will be very likely and refer to MCVUK and Bloomberg.

Edited by LSD

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Starion
I for one would cancel all other projects and put all resources solely into GTA games.

And go bankrupt? tounge.gif

 

This is very good news., rockstar can now continue as planned without being juggled beetweeen different owners.. But theres still a chance. ph34r.gif

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FelixMG
I for one would cancel all other projects and put all resources solely into GTA  games.

And go bankrupt? tounge.gif

 

This is very good news., rockstar can now continue as planned without being juggled beetweeen different owners.. But theres still a chance. ph34r.gif

A chance.... that Jack Thompson might try to buy them?

 

I'll take my chances with Microsoft!

 

So as long as Sony, MS, and Bethesda keep their mitts off of R* I'll be happy.

 

Bethesda because I'm a huge fallout fan and I'm more than a little skeptical about whether or not they're ruining the series.

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TruXter
I for one would cancel all other projects and put all resources solely into GTA  games.

And go bankrupt? tounge.gif

 

This is very good news., rockstar can now continue as planned without being juggled beetweeen different owners.. But theres still a chance. ph34r.gif

A chance.... that Jack Thompson might try to buy them?

 

I'll take my chances with Microsoft!

 

So as long as Sony, MS, and Bethesda keep their mitts off of R* I'll be happy.

 

Bethesda because I'm a huge fallout fan and I'm more than a little skeptical about whether or not they're ruining the series.

Oh that would be sooooo mafia !

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LakersGM1

Grrr. I wanted Microsoft to buy them.

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Starion

 

Grrr. I wanted Microsoft to buy them.

I bet you have an xbox 360..

But I dont want to throw myself right into the firing line of a fanboy.. Becuase I am myself.. I have an xbox.. But love the playstation..

 

If taketwo do get sold they will change the name, think about it. Its name has changed every gta series so far, it might as well.

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darkmessiah

what if jack thompson buys them? the trailer will be one of his anti-video game violence speaches! gasp!

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TruXter
what if jack thompson buys them? the trailer will be one of his anti-video game violence speaches! gasp!

ug!

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