Remember the hidden sex scene in Grand Theft Auto: San Andreas? It was a terrible, amoral departure from the game's official content of endless murder rampages. And it's going to cost publisher Take-Two Interactive an astonishing $20 million.
Strauss Zelnick is the former CEO of BMG Entertainment and now an investor in media companies such as Take-Two, which produces the Grand Theft Auto videogame series. Now he's a magazine cover model, too! Following up on his recent appearance in an ad campaign for Portfolio, Zelnick is featured on the cover of the…
After Electronic Arts said it will not renew its takeover bid for videogame house Take-Two, Take-Two chairman Strauss Zelnick wrote EA CEO John Riccitiello a letter asking if his company could please present itself to EA management before it makes any final decisions. Riccitiello relented. Zelnick's goal: Convinve…
Electronic Arts once again extended its $2 billion offer to buy Take-Two, the makers of Grand Theft Auto. Once again, Take-Two said no. "Their proposal still significantly undervalues Take-Two," said chairman Strauss Zelnick in a statement. [Reuters]
Electronic Arts' original bid to acquire videogame maker Take-Two expired on Friday, but was renewed this morning. Despite Wall Street predictions to the contrary and a $1 billion cash infusion, EA did not raise its $25.74 a share offer for the company behind the Grand Theft Auto series. Analysts predicted EA would…
Rejected by Take-Two management, Electronic Arts CEO John Riccitiello will take his bid to acquire the rival videogame maker straight to its shareholders, the Wall Street Journal reports. It's not quite the kind of violent carjacking you'd see in Take-Two's Grand Theft Auto, but that's how we'd like to imagine it,…
The two largest shareholders in Take-Two Interactive dumped a huge percentage of their holdings according to SEC filings Monday. Oppenheimer Funds sold 8.4 million shares, roughly half its holdings, lowering its stake from 23 percent to 11.5 percent. Fidelity sold 7.5 million shares — almost its entire stake. It now…
For those of you perhaps just stirring out of a three-day coma or recently trapped in a coal mine: Lindsay Lohan, gravel-voiced screen icon and role model for legions of America's wayward youth, hit a minor developmental stumbling block just a few months short of her 21st birthday (no longer, it just so happens, to…
