Carl Icahn Builds 11.3% Stake in Take Two Interactive
| December 17th, 2009 | ||
| According to SEC filings, Carl Icahn has amassed an 11.3 percent stake in video game publisher Take Two Interactive Software Inc. Icahn hinted that he may initiate communication with Take Two’s management team but he did not provide details of his intent. Industry analysts believe Icahn may try to force a sale of the company to a large media or technology company. Take Two, which publishes the Grand Theft Auto series, has seen declining sales due to weak economic conditions and has been plagued by product delays and budget overruns. The company posted a net loss of $137.9 million for the 2009 fiscal year. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Icahn Associates (Carl Icahn) |
Related People: Alexander J. Denner;
Related Entities: High River Limited Partnership;
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions
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