Filed under: Management, Activist investing
With the challenges facing independent video game publishers, virtually each smallish company toiling in the sector these days is the subject of takeover speculation. Struggling Take-Two Interactive Software Inc. [TTWO] has been no exception, and talk that the maker of the popular and violent “Grand Theft Auto” series might be absorbed by a more massive company only got louder after a group of activist investors ousted its management in March.
Forget it, states new chairman Strauss Zelnick, according to Reuters. He argues that the company structure has slimmed significantly since he took over and that Take-Two is now in “growth mode.” He made similar comments right after shareholders approved the activist slate, so the news really isn’t news. But what else could he state?
Continue reading at Tech Confidential.com.
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