Take-Two Considering Sale?

Take-Two, the publisher behind Grand Theft Auto, is in trouble, as we’ve discussed, and has announced that they’re looking at options including a sale of the company. Take-Two has been in a lot of turmoil lately due to a planned shareholder replacement of the board and removal of the current CEO, Paul Eibeler. In light of this new announcement, Take-Two stock has jumped up almost 8% from its close on Friday. How far can it go?

Take-Two has postponed their shareholder meeting from the 23rd to the 29th to weigh the different options available to them at current. If the sale were to go through, the popular Rockstar games would be a huge boon for the company because anything Rockstar touches turns to gold. 2K sports is also a positive for the company when it comes to a sale, but most other Take-Two properties don’t hold up as well. Will the company sell? No one can know for sure, but one thing is for certain, March 29th is going to be an interesting day.