Citadel Investment Increases Stake in Take-Two Interactive
The company purchased over 2 million shares for a 6 percent stake in the company.
The potential of the Grand Theft Auto series is nothing to scoff at, especially when one looks at the upcoming Grand Theft Auto V from Rockstar Games which is poised to become a blockbuster smash when it releases early this year. Perhaps in preparation for that or just because of the company’s great fortunes, Citadel Investment Group recently increased its stake in Take-Two Interactive by over 2 million shares.
This means the group now owns 5.5 million shares, comprising about 6 per cent of the total shares.
This isn’t the only stake increase seen recently. In November 2012, Carl Icahn also increased his stake to 10.7 percent of the total shares. All the activity surrounding Take Two Interactive is once again fueling rumours that the company will be acquired later this year.
Regardless, GTA V will be arriving in a matter of months. Let’s see if it can make good on other’s investments when it breaks sales records.