toggle

AAPL Stock: 108.62 ( -1.75 )

Printed from http://www.macnn.com

Investor "activist" buys into Take-Two

updated 09:55 am EDT, Wed August 16, 2006

"Activist" Take-Two shares

In a related story, billionaire and professional investor Carl Icahn has bought 800,000 shares of Take-Two stock, giving him a 1.1% ownership of the publisher. News of the buy-in raised the stock's price from $10.82 to $11.56 US. Icahn has a reputation for using his monetary muscle to force changes at a company, or else reclaim his investment at a profit. The timing of his buy-in therefore raises some interesting questions, as Take-Two is coping with lawsuits and a Securities and Exchange Commission investigation.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented