Take-Two Can’t Decide What To Do
Bad times have hit the Grand Theft Auto publisher. In a previous announcement, Take-Two Interactive had mentioned that it had delayed its annual meeting from March 23 until March 29 to provide additional time to review the proposed actions of a shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders, including a possible sale of the company. Now, it has disclosed that it will be unlikely to present alternative courses of action prior to their meeting tomorrow; the company is continuing to have discussions with representatives from the shareholder group.
What does this mean for the troubled publisher? It seems that Take-Two wishes to avoid selling itself, though recent events and shareholders’ wishes may bar it from doing so.
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