Take-Two's Troubles Increase


Posted April 17, 2008 - By TylerColfax

Take-Two is in some heated times. They're going into their annual meeting tonight with the cloud of EA's hostile takeover looming. But more still, they've got a new lawsuit filed against them from one of their own shareholders, who calls their recent conduct with board members a "breach of fiduciary duty." Now that term, fiduciary duty, sounds funny, but its actually serious business.

As if this whole deal with EA wasn't complicated enough, the Federal Trade Commission has sent a request of information to Electronic Arts, in order to further determine if their buyout of Take-Two constitutes an anti-competitive maneuver. Can I just say, "DUH!" please? If it goes through it would make EA a superpower in gaming and a lot of little guys might not be able to compete, but its likely the FTC won't interfere if Take-Two makes the sale happen.

Ugh, so complicated. Games is big business and that bothers us cuz bad shtuff can come down the pipe when you're dealing with greedy fatcats. Just imagine what EA's GTA V would look like.

kotaku.com: Shareholder Sues Take-Two Over EA Bid

Take-Two's Troubles Increase


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