Take-Two (GTA series owner) might be sold after boss battle

19 March 2007

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Posted by:Ferry

Major publisher and developer Take-Two Interactive (who own Grand Theft Auto series developer Rockstar) has announced that it is considering a sale of the company, this following a fierce shareholder battle which threatens to depose major executives and the board.

Gamasutra‘s report comes down to that Take-Two has postponed its annual meeting from March 23rd until March 29th “…to provide additional time to review the proposed actions of the shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders.”

The main example of an alternative course of action is “a possible sale of the Company”, though the official notice also says “there is no assurance that any specific alternative proposal will be forthcoming.”

It’ll be interesting to see if any sales chatter leads to offers from Microsoft, Sony, EA, or Ubisoft. Especially since Take-Two includes a lot more subsidiaries than just Rockstar, they also include: Global Star Software, Gathering, 2K Games, 2K Sports, Gotham Games, TalonSoft, Jack of All Games, Frog City Software and video game peripheral manufacturer Joytech. Of course the first thing that pops into everyone’s mind is “Whatever will happen to the publishing rights of Duke Nukem Forever!?” Let’s wait and see how this turns out in ten days from now…