Take-Two shares fall on sale of video games unit (AP)


AP -

PHILADELPHIA – Shares of Take-Two Interactive Software Inc. fell Tuesday after the company sold a video games unit, a move it said would lead to a wider loss in its fiscal first quarter and full year 2010.

The developer of video games, whose titles include the popular Grand Theft Auto series, said late Monday that it is selling its Jack of All Games business to Synnex Corp. for about $43.3 million in cash and payments based on reaching certain milestones.

Take-Two shares fall on sale of video games unit (AP)

Ahead of the Bell: Take-Two shares plunge (AP)


AP – Shares of Take-Two Interactive Software Inc. plunged ahead of the regular session Friday after the video game maker lowered its financial outlook again and said it probably won’t meet its profitability goals for next year.

Ahead of the Bell: Take-Two shares plunge (AP)

Improve the web with Nofollow Reciprocity.