Take-Two Directors, Investors Fail To Find Alternatives

Take-Two has announced that discussions with its shareholders, as it tries to avoid a board of directors overhaul, are unlikely to produce alternative solutions, just days ahead of its delayed shareholders meeting.

As earlier reported, following a seemingly endless string of court battles and financial issues including the recent shares stock scandal, it emerged that that a group of prominent Take Two investors, including OppenheimerFunds, D.E. Shaw Valence Portfolios, S.A.C. Capital Management and Tudor Investment, were looking to remove current CEO Paul Eibeler and bring about changes within the company's board of directors.

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gooner4754d ago

and attempting messing up ps3 launch but sce could buy it with the money under their carpet lol

Drew4754d ago

It's a shame, too. I'm uneasy as to see what will happen if T2 goes through some major changes...