Take-Two

Carl Icahn's interest in Netflix hasn't stopped him from making strategic investments elsewhere.

Just yesterday, a host of Icahn organizations, including Icahn Partners and Icahn Master, bought up about 500,000 shares in Take-Two Interactive to increase his ownership to 9.57 percent. Icahn, who previously owned about 8.7 percent of Take-Two, has invested an aggregate total of $79.9 million in the company.

Icahn has been, at times, a thorn in Take-Two's side. In 2010, he had a spat with Take-Two's board of directors and eventually had three members ousted. In their place, Icahn … Read more

Take-Two Interactive might be open to being acquired, it was revealed in an interview IndustryGamers published recently.

Some analysts have said as of late that Take-Two is a more attractive buy than ever before. And although Take-Two's COO Karl Slatoff stopped short of saying that the game publisher was eying a potential acquisition, he did point out that any company that might acquire it would find a lot to like.

"I would agree with the analysts that you're referring to, that our IP obviously makes us a very attractive investment for anybody, whether it's a separate … Read more

Take-Two's Ben Feder will be departing as CEO at the end of the year.

According to Take-Two, Feder's decision to leave was rooted in his desire to "pursue plans to travel in Asia with his family for an extended period." Take-Two executive chairman Strauss Zelnick will take over the company as CEO effective January 1.

Feder became Take-Two's acting CEO and a board member in March 2007. In 2008, the company officially appointed him to the CEO post with a management agreement that extended through October 31, 2012. Prior to joining Take-Two, Feder was CEO … Read more

Take-Two Interactive expects digital game sales to grow at a rapid clip, the company's CEO said in an interview yesterday.

Speaking to Bloomberg Television, Take-Two CEO Strauss Zelnick predicts that overall digital game sales will account for up to 40 percent of the company's business within the next three years.

"I think you can see digital distribution to be 20, 30, 40 percent of our business," Zelnick told Bloomberg Television. "However, I believe our business is going to grow, so I don't think it actually takes a bite out of retail, and I doubt … Read more

Ben Feder, chief executive of game publisher Take-Two Interactive, believes kids are "graduating" to the Xbox 360 and PlayStation 3. And in the process, he says, they will leave the Nintendo Wii behind them.

"What Sony and Microsoft have really done with Kinect and Move, especially Move, is provide a bridge for guys that are used to playing the Wii system with the wand and bring them over to an HD system," Feder told IGN in an interview this week.

Many consumers have been hoping for years that Nintendo would release an HD-capable version of its … Read more

LOS ANGELES--Streaming video game service OnLive, which will launch June 17 on Tuesday announced its initial lineup of 23 games here at E3.

Among those titles--from publishers including Electronic Arts, Ubisoft, Take-Two, THQ, and Square Enix--but not Activision, notably--are hit games like Assassin's Creed, NBA 2K10, Dragon Age: Origins, Mass Effect 2, Borderlands, and others.

The initial list of publisher partners also includes Sega, Warner Bros. Interactive Entertainment, and 2K Sports.

OnLive promises its users console-like speeds over broadband, as long as they have a fast enough Internet connection and are within a limited distance from a hub. The … Read more

Last year, Take-Two Interactive secured Los Angeles Lakers shooting guard Kobe Bryant to be the cover athlete of its annual installment in the NBA 2K series of basketball sims.

So how does the company top having arguably the best current basketball player in the world on its cover? It goes out and gets perhaps the best player of all time, a 14-time All-Star with six championship rings and five league MVP awards on his resume.

There go the last bragging rights NBA 2K5 cover star Ben Wallace had on Jordan.

Take-Two on Thursday officially announced that Chicago Bulls legend Michael … Read more

One complaint that some folks have with Nintendo is that its consoles and handheld devices lack mature games. But Take-Two Interactive chief Ben Feder was quick to point out on Friday that the Nintendo DS does have mature titles, and his company's Grand Theft Auto franchise is leading the pack.

Speaking to MCV in the U.K., Feder said as of February, Grand Theft Auto: Chinatown Wars "represented nearly 50 percent of the unit sales of all M-rated DS titles in the history of the platform."

It's a rather interesting comment that might make some scratch … Read more

Take-Two Interactive Software reached a $3 million settlement agreement with the U.S. Securities and Exchange Commission, relating to charges that the game publisher engaged in falsifying financial records as part of a stock option-backdating scheme, the SEC announced Wednesday.

A settlement agreement had largely been expected, after Take-Two announced two years ago that it had received a notice from the SEC's staff that it would recommend that charges be filed against the company. Take-Two, at the time, said the company expected to pursue a settlement agreement, rather than fight regulators in court.

Take-Two agreed to the settlement without … Read more