In some breaking news, the BBC is reporting that an investor takeover is in progress at Take 2 Interactive, the folks who brought us Grand Theft Auto 3
and the 2K Sports games.
How will this affect gamers? Anytime management changes at (or if there is a corporate takeover of) a major publisher, things could change, usually for the worse (hello, Vivendi!) Part of the reason for the takeover was reportedly the poor handling of the Hot Coffee controversy, and one doesn’t need to be a rocket scientist to know how new management might try to shackle such “creative license”.
Keep an eye on this story - it could get ugly.
From Sister Site: GameStooge
The BBC reports:
Shares in Take-Two Interactive Software jumped 18% as news of the management coup was unveiled. The company has been under fire for a string of financial irregularities - from overstated profits to illegally backdated stock options…. The investors own 46% of Take-Two and have said they will try to install Strauss Zelnick, the ex-chief executive of BMG Entertainment - which sold its own gaming arm to Take-Two in 1998 - as non-executive chairman. They will also aim to oust chief executive Paul Eibeler and review the position of chief financial officer, Karl Winters, documents filed with the US Securities and Exchange Commission said.How will this affect gamers? Anytime management changes at (or if there is a corporate takeover of) a major publisher, things could change, usually for the worse (hello, Vivendi!) Part of the reason for the takeover was reportedly the poor handling of the Hot Coffee controversy, and one doesn’t need to be a rocket scientist to know how new management might try to shackle such “creative license”.
Keep an eye on this story - it could get ugly.
From Sister Site: GameStooge
