Take-Two decides to go it alone
Take-Two Interactive announced this morning that it's staying solo. The board met with "various interested parties" over the last five months and decided it was in the best interest of the stockholders to continue building the company independently.
Despite Take-Two's recent stock slump following the EA buyout saga, the company's chairman, Strauss Zelnick, believes it remains competitive in the industry and will maximize value for stockholders. CEO Ben Feder says the company has 15 "wholly owned brands" with sales of over a million units, no debt and an "undrawn $140 million" to play with. Yeah, let's see if that cash gets spent on keeping GTA's Houser brothers.
