Take Two considering sale?

By Spencer . March 19, 2007 . 8:34am

Take Two announced that they are postponing their annual meeting by one week (March 29) to explore options presented by a group of shareholders. The big item on the list is “possible sale of the company”. Is Take Two really going to go on sale? Maybe, but the controversy isn’t from Grand Theft Auto for once. It’s about Take Two having losses for five quarters in a row. Last year Take Two released: Grand Theft Auto: Vice City Stories, Bully, sports games under the 2K label, Family Guy and Table Tennis. None of these were “mega hits” like Grand Theft Auto: San Andreas, which is what shareholders want to see. Because of the constant losses there has been a split between shareholders on what to do with the company. Is a sale a real possibility? Yes, but so is a resolution. Also on a semi-related note the shareholders meeting is going to occur the same day the Grand Theft Auto IV trailer is going to be online.

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