Take-Two's Further Financial Woes

Posted by Zonk on Monday February 6, 2006 @08:37AM from the started-splodey-and-got-splodier dept.

Next Generation reports that already beleaguered publisher Take-Two is now facing a lawsuit from a stockholder. The person bringing the suit claims the company has engaged in misleading tactics, insider trading, and inaccurate reporting. GameDailyBiz is also reporting that Elevated Partners are considering a buyout. These latest revelations may put the kibosh on that plan, though. From that article: "So will Elevation go for it anyway? Stranger things have happened, and the GTA franchise would certainly be a very valuable property. Furthermore, as the Post points out, Elevation doesn't seem to be afraid of investing in troubled companies. Just recently, the firm spent $100 million for part of Homestore.com even though several former Homestore executives were indicted for multimillion dollar fraud."

2 of 11 comments (clear)

Min score:

Reason:

Sort:

Jack? by HunterZ · 2006-02-06 08:43 · Score: 2, Funny

Jack Thompson, is that you?

--
Arguing about vi versus Emacs is like arguing whether it's better to make fire by rubbing sticks or banging rocks.
Re:Grand Theft Auto 4 by damsa · 2006-02-06 11:05 · Score: 2, Funny

I would play this if I can play as Martha Stewart. Some insider trading, running a sweat shop making Kmart stuff and I would also have a back door hot coffee mod where in the mini game, you make hot coffee.