Kotaku
Last week Take-Two created quite a stir by announcing that they were delaying their annual shareholders' meeting to discuss, among other things, the possibility of selling the company.
Today the company announced that they're no further along on their thinking in a brief and mostly substance-free press release:
New York, NY - March 26, 2007 - Take-Two Interactive Software, Inc. (NASDAQ: TTWO) previously announced that the Company had postponed its annual meeting from March 23, 2007 until March 29, 2007 to provide additional time to review the proposed actions of a shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders, including a possible sale of the Company. The Board of Directors now believes that it is unlikely to present alternative courses of action prior to the annual meeting on March 29th. The Company is continuing to have discussions with representatives of the shareholder group.
Reading between the lines it sort of feels like the company is trying to work things out with the rouge shareholders' group that has been causing their headaches as of late. I'm sure more will be known come the meeting on Thursday.
