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Icahn increases stake in Take-Two

Investor now claims 13.7 per cent of Grand Theft Auto company

Activist investor Carl Icahn has increased his stake in Grand Theft Auto publisher Take-Two.

According to an SEC filing, after increasing his shares to a total of 11.6 million, Icahn now owns 13.7 per cent of Take-Two stock.

The billionaire originally took an interest in Take-Two in 2006, but has only seriously been increasing his stake since last December.

In January Icahn instigated a board change at Take-Two, nudging out CEO Ben Feder and two others, a move welcomed by chairman Strauss Zelnick.

While some expect Icahn to push for a sale of the company in the long term, he is currently pursuing interests in movie business Lions Gate – in a similar move, he gradually grew his stake in the business, had his bid to raise his stake in the studio rejected, and is now in the middle of a hostile takeover for the entire company.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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