SAC Cuts Stake In Video Game Co.

Jul 3 2008 | 2:00am ET

Less than a week after getting in the game, SAC Capital Management is taking a step back when it comes to Take-Two Interactive Software.

The Stamford, Conn.-based hedge fund giant yesterday said it had cut its stake in the video game company to 4.4% from 5.3%, and did not intend to file further updates with the Securities and Exchange Commission. SAC had unveiled its stake in Take-Two, which is facing a hostile takeover bid from rival Electronic Arts, just last week.

SAC has not made any public activist demands of Take-Two.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...