PS3 News: Take-Two Not Likely To Sell - PS3 News

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Take-Two Not Likely To Sell

After a suspicious delay to their annual shareholders meeting to examine "new directions for the company," which kicked off plenty of discussion, it now appears a sale isn't likely. Although it was possible that one of those new "directions" included selling the company, that option won't be part of the shareholders meeting, which is scheduled for Thursday.

"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," said Take-Two.

We suppose it's nothing more than irony that March 29 is also the day the Grand Theft Auto IV trailer debuts online. Obviously, that's something that could increase Take-Two's stock - both figuratively and literally - so perhaps it does play a role in the company's decision. 2006 was not a good year for Take-Two, to say the least, but GTA IV is just the thing to make it all better...guess we'll have to wait and see what happens.

3/28/2007 Ben Dutka

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