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Take-Two Interactive Software Inc. Message Board

  • yitech2003 yitech2003 Nov 26, 2013 2:15 PM Flag

    Ichahn's exit is good for TTWO!

    The company did not specifically say why it decided to buy out Icahn. But Nick Snyder, an analyst at Union Square Research Group, said it may have been the result of a disagreement about the company's future, such as what Take-Two should do with its cash or whether or not it should put itself up for sale.
    In the statement announcing its purchase of Icahn's stake, Take-Two CEO Strauss Zelnick said that the decision "reflects our confidence in the company's outlook for record results in fiscal 2014 and ... profitability every year for the foreseeable future."

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