March 30, 2007 |
Dissident shareholders won their bid for control of video game maker Take-Two Interactive Software Inc. and ousted its chief executive, the New York-based company said Thursday. New directors installed include Strauss Zelnick, a former chief executive of BMG Entertainment, who was named chairman. Take-Two CEO Paul Eibeler was relieved of his position. Take-Two makes the bestselling "Grand Theft Auto" video game series.
July 22, 2006 |
Take-Two Interactive Software Inc. said it reached a final settlement with the Federal Trade Commission over hidden sex scenes in the "Grand Theft Auto: San Andreas" video game. Take-Two agreed not to misrepresent video-game ratings or descriptions and will implement a system to review titles submitted to ratings authorities. The settlement didn't assess fines or penalties, New York-based Take-Two said.
January 31, 2004 |
Video game publisher Take-Two Interactive Software Inc. said it would delay filing its annual report as it restates past results to reflect changes in revenue recognition policies, in light of concerns raised by securities regulators. New York-based Take-Two, which has been under investigation by the Securities and Exchange Commission for about two years, said the restatement would affect fiscal 2002 and 2003 results and its financial outlook for fiscal 2004.
January 19, 2006 |
Take-Two Interactive Software Inc. delayed filing its annual financial report, citing newly discovered accounting problems. The company found "material weaknesses" in accounting for some accounts payable valuations and software development costs, it said in a filing with the Securities and Exchange Commission. Preliminary operating results for the fiscal year ending Oct. 31 aren't expected to change, New York-based Take Two said. Shares of Take-Two rose 23 cents to $18.42.
September 8, 2005 |
Take-Two Interactive Software Inc. said its loss widened after stores pulled the "Grand Theft Auto" title because of hidden sexual scenes. The loss was wider than analysts' estimates, and the shares fell. The fiscal third-quarter loss widened to $28.8 million, or 41 cents a share, from $14.4 million, or 21 cents, a year earlier, Take-Two said. Sales rose 5.6% to $169.9 million. Shares of Take-Two fell $1.55, or 6.4%, to $22.61 in extended trading after the results were announced.
June 9, 2006 |
Take-Two Interactive Software Inc., maker of the "Grand Theft Auto" video games, reported a wider loss because of costs to close development studios. The loss exceeded analysts' estimates, and the company's shares plunged. The second-quarter net loss ballooned to $50.4 million, or 71 cents a share, from $8.19 million, or 12 cents, a year earlier, New York-based Take-Two said. Sales rose 19% to $265.1 million from $222.1 million a year earlier. Shares of Take-Two fell $2.38, or 14%, to $14.