Items tagged with Take-Two

When it comes to lucrative game franchises two of the most well-known ones happen to be Call of Duty and Grand Theft Auto. Activision publishes the CoD franchise while Take-Two Interactive is responsible for publishing GTA. However, there are rumors floating around that Activision might be trying to purchase Take-Two. Speculation began when a research note from Benchmark analyst Mike Hickey talked about “an emerging romance” between both companies. Hickey said, “For Activision, acquiring Take-Two Interactive would be a no-brainer, in our view, circling some of the strongest development... Read more...
Since Firaxis took the veil off of Civilization: Beyond Earth in April, we've had a relative dearth of information to run on, and especially a lack of media to soak in (three official screenshots!). Well, both problems have now been remedied, and as an added bonus, the company has finally given us a release date: October 24, 2014. While Firaxis hasn't provided us any new screenshots, it's done one better: It's posted a video that gives us a better peak at what's coming, and what to expect. If you've played previous Civilization titles, and especially Civilization V, it looks like you're going to... Read more...
Take-Two Interactive Software, Inc. is forging ahead without further guidance or input from billionaire investor Carl Icahn, who agreed to sell back his 12.02 million shares in the company at yesterday's closing price of $16.93 per share. That works out to around $203.5 million, which Take-Two will fund from its cash reserve and cash equivalents on hand, the company announced. "This share repurchase reflects our confidence in the company’s outlook for record results in fiscal 2014 and continued non-GAAP profitability every year for the foreseeable future," said Strauss Zelnick, Chairman and... Read more...
For one reason or another, it's fair to say that the majority of people in real life would never cross the moral lines that Rockstar Games presents in Grand Theft Auto V. Some would (and do), but by and large, we're not all running around jacking cars, robbing jewelery stores, trafficking drugs and weapons, beating up random pedestrians, and so forth. But put those elements in a game and what you have is a cash cow. The latest installment in the Grand Theft Auto franchise soared past $1 billion in worldwide retail sales during its first three days of availability, publisher Take-Two Interactive... Read more...
Seriously folks, we couldn't make this stuff up if we tried. In fact, this is the stuff that pure comedic gold is made of. Duke Nukem Forever, which is arguably the most highly hyped game to never emerge in official fashion, was thought to extinguished forever when 3D Realms (its developer) went under earlier this month. Weeks later, the game has resurfaced in conversation yet again, further proving the point that this title simply will not ever die. According to a blurb over at Bloomberg, Take-Two Interactive Software, which makes the heralded Grand Theft Auto series of video games, has sued Apogee... Read more...
Duke Nukem Forever, the epitome of vaporware, seems to now be gone forever. On the other hand, it's not as though any of us were holding our breath for it. In multiple reports, 3D Realms, the Texas-based developer of past Duke Nukem games, is said to have shut down. Take-Two (planned publisher of the game) VP, of communications Alan Lewis said in a statement: "We can confirm that our relationship with 3D Realms for Duke Nukem Forever was a publishing arrangement, which did not include ongoing funds for development of the title. In addition, Take-Two continues to retain the publishing rights to... Read more...
Electronic Arts (EA) began its pursuit of Take-Two Interactive in February, but was immediately rebuffed.  Through all these months, Take-Two has said that EA's offer undervalued the company.  But while Electronic Arts let its tender offer expire in August, both companies indicated that the two continued talks in private.  On Sunday, EA issued a terse press release saying the deal was off for good.The decision was made "after careful consideration, including a management presentation and review of other due diligence materials," Electronic Arts (EA) said in a brief statement.EA,... Read more...
Shades of another takeover we've been discussing lately.  Electronic Arts announced Sunday they have made a $2B cash offer for Take-Two Games, best known for "Grand Theft Auto."U.S. video game publisher Electronic Arts Inc said on Sunday it wants to buy rival Take-Two Interactive Software Inc, best known for its "Grand Theft Auto" title, for about $2.0 billion in cash.The $26-per-share offer by Electronic Arts, publisher of blockbuster games like "Madden" and "Need for Speed," represents a 50 percent premium to Take Two's Friday closing stock price of $17.36.The offer follows months of speculation... Read more...
Former Take-Two CEO, Ryan Brant, has pleaded guilty to the illegal backdating of stock-options.  What kind of penalty did he get?A few million dollars, 5 years of probation and national media attention that will probably embarrass him in a way that few people ever get to experience. “Brant was the first of three officials convicted at the New York-based company. Former General Counsel Kenneth Selterman and ex-Chief Accounting Officer Patti Tay also pleaded guilty earlier this year to falsifying business records. Tay, 31, admitted she made false entries on a spreadsheet of 2001 and 2002 stock-option... Read more...