Stock Market Says Nothankyou To Take-Two

Illustration for article titled Stock Market Says Nothankyou To Take-Two

Take-Two's financial results last quarter weren't the greatest. Sure, sales were up, but overall, money was down, and in business terms, money is what counts. Which explains why shareholders gave Take-Two a belting today.


Following on from news that the company's losses increased to $15 million, shares in Take-Two took a nosedive, plunging a whopping 21%. They seemed to have closed slightly higher since the original Reuters report, but still, it's clear the market does not approve.


Take-Two results disappoint, shares fall 21 percent [Reuters]

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Too bad for them they turned down EA's $26 a share offer. EA really dodged the bullet, they have enough on their plate to handle as is.