Take-Two could face takeover
'Insiders' predicting revolt.
Publisher Take 2 Interactive may undergo vast changes in the wake of its annual general meeting - including, potentially, a sale of the company or of some of its business units.
That's according to CNN columnist Chris Morris, who reported today on his CNN/Money column that many industry insiders are predicting that a shareholder revolt, aimed at taking over the board of directors, will succeed.
The investors behind the revolt currently hold 46 per cent of Take 2's shares - and with both financial and public relations catastrophes still besetting the publisher, it's certainly possible that they could oust the board and with it, current CEO Paul Eibeler.
Will you support Eurogamer?
We want to make Eurogamer better, and that means better for our readers - not for algorithms. You can help! Become a supporter of Eurogamer and you can view the site completely ad-free, as well as gaining exclusive access to articles, podcasts and conversations that will bring you closer to the team, the stories, and the games we all love. Subscriptions start at £3.99 / $4.99 per month.
