Take-Two Interactive (TTWO) Could Explore A Possible Sale

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) postponed its annual meeting scheduled for March 23, 2007 until March 29, 2007 following the expressed intention of a shareholder group to takeover the board.

The current board said it needs additional time to review the proposed actions of the 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.

Has Carl Icahn Sold His Take-Two (TTWO) Stake

In an article discussing the similarities of some investments of Carl Icahn and SAC Capital's Steven Cohen, The New York Post said they have learned that Icahn sold his entire 2.9 million share stake in Take-Two Interactive (Nasdaq: TTWO). The article also said Glenview Capital is rumored to have reduced its stake in TTWO. Link