Ben Feder's confidence took a beating on Friday.
Feder, Take-Two Interactive's (Nasdaq: TTWO) CEO, stepped down on Friday. Shares of the video game publisher climbed 5% on the news.
Don't take it personally, Feder. The stock only rose because Take-Two's viability as a buyout candidate just went through the roof. The gamer fave's been a popular buyout candidate before, but now, with Executive Chairman Strauss Zelnick wearing the CEO hat, potential acquirers are freer than ever to make their bids.