14 DAY TRIAL // You've heard about Take-Two right? You know the GTA series, Jack Thompson lawsuit and all that. Well, let's just say that angry lawyer Jack Thompson is the least of the company's problems. Gamasutra posted yesterday a breaking piece of news reading: "Take-Two Considering Sale Of Company." Now, those aware of Jack Thompson's intentions concerning Take-Two might say: "I don't believe it! He did it! He effing did it!" But that's not even close to what's happening over there at Take-Two.
Take-Two has announced that they're considering selling the company, because of a fierce shareholder battle threatening to depose major executives and the board. Depose them of what? Big-a** Take-Two investors owning 46% of the company's shares are looking to remove current CEO Paul Eibeler and make some radical changes within the company's board of directors.
Thus, Take-Two's annual meeting from March 23rd until March 29th has been postponed, "...to provide additional time to review the proposed actions of the shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders," as Take-Two themselves stated. News of the possible sale of the company has greatly affected Take-Two shares - raised $1.50 to $22.26.
So everything indicates "a possible sale of the Company", though the official notice says "There is no assurance that any specific alternative proposal will be forthcoming." So with these problems on their hands, Jack Thompson is lucky if the company doesn't decide to drain the water, as he is nothing but a little fishy swimming around in the pond, trying to get a bite at something.