Wednesday, 1 April 2015
Last updated 7 hours ago
Jun 26 2008 | 11:57am ET
Video games aren’t just for kids anymore. Stamford, Conn.-based SAC Capital Advisors yesterday disclosed a 5.3% stake in Take-Two Interactive Software, publisher of the hit Grand Theft Auto series.
The firm said it paid approximately $107 million for four million shares of the Take-Two’s common stock “for investment purposes… and not with the purpose or effect of changing or influencing the control or management of the Issuer.”
Take Two this month rejected rival Electronic Arts’ latest tender offer to acquire all of its outstanding shares because it “still significantly undervalues Take-Two, a fact that is reflected in the overwhelming number of stockholders who still have not tendered their shares," said Strauss Zelnick, chairman of the Board of Take-Two.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…