 Re: Take-Two: possible sale of company!!
Yeah, L3E is correct. Rockstar and 2K Games/Sports are both subsidiaries of Take-Two Interactive. I'd imagine that the likelihood of the company being sold is about zilch at this point. What happened is that a group of investors obtained stake share in the company which caused a shake-up with the board of directors. They, in turn, voted to oust the old CEO, Paul Eibeler, who had been deemed responsible for the company's lack of expected earnings in recent years (as well as the "Hot Coffee" controversy which occurred under his leadership). He was replaced by Ben Feder, a former News Corp exec. as the new CEO and Strauss Zelnick (former CEO of BMG) as chairman. |