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New SEC Document(s) for Take-Two Interactive Software, Inc. - 02-25-08 »

Take-Two’s Defensive Maneuvers

Herb Greenberg has been looking into recent SEC filings by Take-Two, and has dug up some pretty interesting stuff.  Just prior to rejecting EA’s offer Take-Two made several changes in their management deal with ZelnickMedia.  One of which was to grant them a large amount of shares of restricted stock.

I am not so sure that the deal is as evil as Greenberg makes it out to be.  It seems more like Take-Two was trying to (at least temporarily) block EA’s take-over attempt.

This is going to be an interesting week.

Link to Blog

Link to SEC filing

-Wedge

This entry was posted on Monday, February 25th, 2008 at 4:55 am and is filed under News - Indusrty. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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One Response to “Take-Two’s Defensive Maneuvers”

  1. Gamer Investments - Video Game Investing and Stock Market News » Blog Archive » Electronic Arts Has To Recalculate Take-Over Cost Says:
    March 10th, 2008 at 3:32 am

    [...] Combine that with the 600,000 shares of restricted stock that ZelnickMedia got and Take-Two might be looking a little less attractive.  I guess we will see in a few days how determined EA is. [...]

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