Take-Two to Remain Single
October 3rd, 2008 Posted in Business by Rajiv Ashrafi
It seems EA just didn’t have enough mojo to get Take-Two in bed. The GTA publisher, after conducting a review of strategic alternatives and discussing possible business arrangements, has announced that it will remain single and independent.
“Our strong cash position–with no debt and an undrawn $140 million credit facility–gives us the financial flexibility to continue to do what we do best: innovate and create the great games that our customers have come to expect," said CEO Ben Feder.
Take-Two is in a pretty strong position, owning publishing rights to many big properties, including BioShock, GTA, Civilization and more.