Take-Two Interactive to remain independent

Thu. October 02, 2008; Posted: 08:49 AM

NEW YORK NEW YORK, Oct 02, 2008 (Reuters via COMTEX) -- TTWO | Quote | Chart | News | PowerRating -- Take-Two Interactive Software Inc, until recently an acquisition target of bigger rival Electronic Arts Inc, plans to remain an independent company, the makers of the popular "Grand Theft Auto" series said on Thursday.

Take-Two said the decision following detailed discussions with "various interested parties" over the last five months.

"Take-Two's Board of Directors has determined that it is in the best interests of stockholders to conclude its review of strategic alternatives and to continue operating and building Take-Two as an independent company," the company said.

(Reporting by Franklin Paul, editing by Gerald E. McCormick)

((Email: Franklin.Paul@thomsonreuters.com; +1 646 223 6195; Reuters Messaging: Franklin.Paul.reuters.com@reuters.net))

(To read more about our Media news, visit out MediaFile blog online at http://blogs.reuters.com/mediafile) Keywords: TAKETWO/ Chuck Mikolajczak cm

Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

MMMM

For full details on Take-Two Intera Software (TTWO) click here. Take-Two Intera Software (TTWO) has Short Term PowerRatings of 5. Details on Take-Two Intera Software (TTWO) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.