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Thursday, October 02, 2008
Take-Two Stays Independent
Posted by steve-m at 12:44. Site: GTA IV. Category: General

Take-Two Logo

After 5 months of back and forth between GTA publisher Take-Two and EA, as well as various other (undisclosed) interested parties, Take-Two today announced they completed their "review of strategic alternatives" and will stay independent. GTA fans need not fear any drastic changes in the near future. Says CEO Ben Feder:

"Take-Two's recent performance demonstrates our potential to create value for the long term. We have delivered solid financial results and expanded our portfolio of leading titles, which includes the powerful Grand Theft Auto franchise, as well as 15 other wholly owned brands with sales of more than one million units each. Our strong cash position – with no debt and an undrawn $140 million credit facility – gives us the financial flexibility to continue to do what we do best: innovate and create the great games that our customers have come to expect."

Link: Press Release

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