Wednesday, 4 March 2015
Last updated 4 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…