News

Billionaire Icahn Invests in Take 2

| 16 Aug 2006 15:30

Billionaire Carl Icahn has purchased 800,000 shares in Take 2 Interactive, despite the publisher's recent scandals.

Currently the 24th richest man in North America, Carl Icahn has purchased 1.1 per cent of Take 2, prompting stocks to rise from $10.82 to $11.56 per share. According to Gamesindustry.biz, Icahn is known for investing in companies and then lobbying for changes which would benefit stock value.

He has invested in Take 2 at a time when the company is under heavy scrutiny by the SEC (Securities and Exchange Commission), FTC (Federal Trade Commission) and has received a Grand Jury subpoena. Rockstar is a part of the Take 2 group and has recently drawn more ire from parent groups for their upcoming game, Bully.

Related to:
RELATED CONTENT
Comments on