Submitted by Mac is OK 1028d ago | news

Take-Two's share price falls as GTA V is delayed

Take-Two Interactive's share price fell more than 8 percent in an hour, as it came to light that the upcoming Grand Theft Auto V has been delayed until September. (Grand Theft Auto V, PS3, Take-Two, Xbox 360)

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3-4-5  +   1028d ago
Those same dumb shareholders will be the people putting their money right back in next quarter.

They do it so they can manipulate their money and what not it's stupid. Shareholders are the reasons we have deadlines and games aren't made to the quality standards they should be.
thorstein  +   1028d ago
Good. Those idiots can drop the share price(by selling) all they want . Now is the time to buy.
#1.1.1 (Edited 1028d ago ) | Agree(4) | Disagree(0) | Report
Autodidactdystopia  +   1028d ago
yes definitely buy buy buy.

for real buy it up wait for game launch then sell.

GTA is not gonna get cancelled

i would sell now and rebuy at the lower price which is probably what the current shareholders are doing.
Athonline  +   1028d ago
And shareholders is the reason we get sequels, HD re-releases and a large amount of games per year. Studios/ publishers need money, thus they sell equity as long-term liabilities to fund their long-term projects.

It is a double-sided sword ;-)

The reason behind the drop is the "Efficient Market Hypothesis" that states all stock markets are "efficient markets". What is mean by that? Equity (shares) price(s) change in real-time based on any public released information and no inside information exists. They may not even sold shares in a large quantity, but the price was adjusted. It is a common thing... most likely the price will go even lower the upcoming days as other shareholders start to "fear" and sell more and the first one who sold, will be buy shares back at a profit.

Can explain you a bit more if you want ;-) I did parts of Business Finance in Uni alongside my Computing degree.
knowyourstuff  +   1027d ago
For anyone reading this, wait for the price to plumet, and when it's at its lowest, you'll see it start to rise just a little bit, buy the stock then. When GTA5 comes out, it will skyrocket, you'll make a killing. Just letting everyone know how the stock market works and how people in the know make money off their money. Now you can be a fat cat too!
Donnieboi  +   1028d ago
Honestly, if they said it was coming in Spring, then delay until September, I think there's more going on here. I don't think the delay is solely due to just polishing the game alone (if so, WHY did they tell fans and investors that it was coming in Spring? It would have been better to say nothing at all until they knew when they were ready to give a proper due date).

I honestly believe the delay was because of the Sandy Hook shooting. The media is going berserk and politicians are being lobbied by the NRA to blame videogames for gun violence. Perhaps Rockstar [intelligently] changed their Spring projections to let time pass so they can release GTA 5 after the focus on game violence dies down a bit. Plus the added time can also allow for some additional polishing too.
Tetsujin  +   1028d ago
Or they were forced to change a few things so it can be sold without restrictions. I was really looking forward to playing this but now I'll have to wait till Sept to get my GTA fix.
showtimefolks  +   1028d ago
RS doesn't care the game should come out when it good and ready
dougr  +   1028d ago
Oh lord a few of you are stock market stupid.
yeahokchief  +   1028d ago
I bought their stock back in july back when it dropped to $8 the last time they all freaked out. Anyone selling right now is an idiot. Great time to buy more before it takes off.
claud3  +   1028d ago
bound to happen for a game this big
Majin-vegeta  +   1028d ago
Who cares and when the game releases it will be back up over 9000!!!
Good_Guy_Jamal  +   1028d ago
Why no love for the dbz reference? And coming from majin vegeta too? Come on that was instant classic!
DarkBlood  +   1028d ago
dont go exploding your self now :P
Vic_Mackey  +   1028d ago
Big F'n Shocker
ichdich  +   1028d ago
so why they delay the game on purpose if they lose money because of that?
Mac is OK  +   1028d ago
Because they would lose more money if they tarnished the brand by releasing an unfinished game.
ILive  +   1028d ago
How do you know it would be "unfinished" if they released it in May? Is it because they said so? You dont know whats going on, for they may be delaying it for other reasons.
krazeecain  +   1028d ago
@ ILive because they basically said so on their blog.

"To those of you saying or seeing various conspiracy theories about there being some other ulterior motive for this delay, rest assured that they’re all nonsense – literally the only reason we’ve delayed the release is because we want the game to be as good as it needs to be."
cee773  +   1028d ago
Thats the Rockstar* way the coolest gaming studio(label) eva

As A ps3 owner I have plenty to play til then every new ps3 exclusive will shine until then.
#5.2 (Edited 1028d ago ) | Agree(4) | Disagree(6) | Report | Reply
BOOMTAREY  +   1028d ago
Hey all, we understand many of you guys are disappointed with this news – unfortunately sometimes such delays are necessary in all forms of entertainment, and especially in the case of a game experience as massive and complex as GTAV.
Myst-Vearn  +   1028d ago
za...bi...ma...RUUUUUUUUUUUUUU U
miDnIghtEr20C_SfF  +   1028d ago
Time to buy!
danny818  +   1028d ago
Could be to buy time for a wiiU version?
Nitrowolf2  +   1028d ago
eh doubt it, they ALWAYS delay GTA titles, Always. If it was due to another Platform, it would be for the PC then.
Tonester925  +   1028d ago
I was ready to spend my money lol
Jek_Porkins  +   1028d ago
This puts the title in a bad spot, new consoles loom large in the November/December area.
animegamingnerd  +   1028d ago
no the new consoles should be worried about grand theft auto
Jek_Porkins  +   1028d ago
Well I cant really speak for any other gamers but my money will be set aside for new consoles, something so close to that might get skipped for a bit.
Prcko  +   1028d ago
Good,i hope they will fall even more.
1st we w8 for 1 YEAR WITHOUT NEWS!!!
3rd game is gonna be released close to 2014
i mean WTF ROCKSTAR???
GONNA FOCUS on god of war and last of us and after that next gen is only for me.cancelled my preorder and preordered last of us insted.
thx bye
#11 (Edited 1028d ago ) | Agree(4) | Disagree(4) | Report | Reply
ApolloTheBoss  +   1028d ago
Glad I waited to pre-order before after I find out the release date. Now that it's that far off I'm gonna wait.
Kennytaur  +   1028d ago
And we'll watch it rise again as it releases.
Tres21  +   1028d ago
i just wonder if the ppl who r upset over the delay would be the same ppl who would be upset if the game had bugs or needed updates to be fixed the right way over that period of time
isyourhouseonfire  +   1028d ago
Take Two deserves the stock hit. You can't pull crap like this and expect to not suffer.
HoustonTexaz713  +   1028d ago
The sky is the limit
FarCryLover182  +   1028d ago
GO private. They can make plenty of cash after paying their shareholders off.
DEATHxTHExKIDx  +   1028d ago
March was way too soon anyway
aviator189  +   1028d ago
shareholders are so predictable..
Pillsbury1  +   1028d ago
Buy low sell high!
landog  +   1028d ago
next gen consoles then, let's hope, either that or pc are the only way to play gtav, gtaiv looked and ran awful on ps3/360

perhaps ps4 and nextbox will be the way to go

personally, i'd still rather get it on pc for the higher resolutions, better aa and mods that ps4/nextbox won't be able to achieve
wishingW3L  +   1028d ago
delayed for PS4.
TBONEJF  +   1028d ago
are u serious? why the hell delay this awesome game just because TAKE TWO SHARES drop so damn stupid. you're really going to piss of a lot of GTA fans here
CoD511  +   1028d ago
Other way around, shares dropped because of the game delay.
evilhasitsway  +   1028d ago
its alittle disapointing for ps3 gamers like myself but it is the end of the world for ms gamers cause they really dont have much comeing out this year and that was the game to save them hahaha ps3 more ips :)
evilhasitsway  +   1028d ago
well if sony shows off ps4 on the 20th then it will most likely be around oct for a release check the vita was anouch at a sony meeting in feb in 2011 and then hit shelves that oct.
FlyingFoxy  +   1027d ago
as long as they have added a 100 player online freemode and scriptable multiplayer for PC i will be happy, just as long as it's not sucky like IV.
black911  +   1027d ago
GTA4 sucked me and alot of others wont be buing GTA5 at launch maybe borrowing it or renting.
iushdfiu   1027d ago | Spam

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