Citadel Investment grows Take-Two stake
Now owns around 6 per cent of the total shares outstanding
It seems gamers aren't the only ones interested in Grand Theft Auto V; the Citadel Investment Group has increased its stake in Take-Two Interactive by over 2 million shares.
The group, owned by Chicago billionaire Ken Griffin, now owns 5.5 million shares, around 6 per cent of the total shares outstanding. That's up from the 3 million shares it owned in October.
There's been a flurry of investment activity around the company in recent months, almost certainly due to its upcoming mega-release, but leading to the annual and so far unfounded rumours of a possible acquisition. In November last year another billionaire, Carl Icahn, upped his stake in the company to 10.7 per cent.
GTA V is due for release this year, with a recent Amazon email to consumers suggesting it could be shipping as soon as March 26.
Its shocking to think that Take-Two could get bought, they have established some of the most loved franchises in the industry. Not to mention there core products sell in tones. But you have to ask yourself, after development and marketing budgets with hundreds of people for sometimes four years, how much money do they actually make?
But putting politics aside, I like most people have big expectations for the next GTA and like many people its already on my shopping list.
Posted:4 months ago