Activist Investor Icahn Boosts Take-Two Stake

As Take-Two closes out its year with a 137.9 million net loss, activist investor Carl Icahn has boosted his stake in the Grand Theft Auto publisher to just over 11 percent.

Icahn's ownership of over 9 million shares -- $70.6 million worth -- is revealed as part of an SEC filing that notes he feels Take-Two's shares are "undervalued," and that he wants to "have conversations" with company management on issues it faces.

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