Bono, Murdoch could buy 'Grand Theft Auto' maker

Bracing for a shareholder revolt, the maker of the "Grand Theft Auto" video game said Monday it is considering new corporate strategies, including the sale of the company.

Take Two Interactive Software also postponed its shareholder meeting by six days, moving it to March 29. Twelve days ago, investors owning some 46 percent of the company's shares announced plans to stage a take over the board and oust current CEO Paul Eibeler. The move comes after years of scandals and allegations ranging from backdated options to overstated revenue to hidden sexual content in its most popular game: "Grand Theft Auto: San Andreas..."

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techie4763d ago

"One company that says it's not in the running is Microsoft. Because today's independent publishers are platform agnostic - that is to say, they build games for all major systems - taking over one would result in a massive revenue loss for Microsoft, as all development would be redirected toward the Xbox 360.

"We could never launch an acquisition bid at a third party publisher," said Shane Kim, corporate vice president of Microsoft (Charts) Game Studios."

SmokeyMcBear4763d ago

could be smoke and mirrors, you know how sneaky M$ can be, if one could take over one of the best selling franchises and move it to there system, the losses of the company bought will be outwayed by the parent company's gain in the industry.

PS360PCROCKS4762d ago

Bono as in the singer? If I hate that man and U2