Take-Two shares rebound

By Derek Sooman on January 31, 2006, 5:56 AM
A published report claiming that Take-Two Interactive Software Inc is in talks with several buyout firms over the past week has prompted shares in the company to rebound.

In afternoon trading, Take-Two shares climbed $1.11, or 7.6 percent, to $15.80 on the Nasdaq Stock Market.

The report comes after the stock fell 26 percent over four trading days last week.

The firm, who are behind the Grand Theft Auto series, has received sharp criticism over the "Hot Coffee" story, were it emerged that the latest version of GTA had a hidden sex game in it. The firm is currently engaged in legal battles over this. Seemingly, problems abound within the firm, who's board member Barbara Kaczynski apparently has just submitted her resignation, citing concerns about the company's management. Is the end for Take-Two approaching?

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