Take Two Problems–Take-Two Rocked by Shareholder Lawsuit.

Bigger than life, and someone’s going down!As if things weren’t bad enough for Take Two Interactive–the guys who brought us Grand Theft Auto. First, they were the targets of a buyout by rival Electronic Arts. Which under normal circumstances might be bad enough, but now Take Two shareholders are forming a fiscal mob to go after the top brass.

The shareholders are, understandably, somewhat upset because Take Two’s top brass has restructured compensation packages to balloon significantly in the event of a takeover–which was exactly what was about to happen thanks to an offer from Electronic Arts.

Which is ballsy if stupid–shareholders in Take Two would definitely want their cut of a buyout from EA, and Take Two taking moves to line its nest in advance and thus take a bigger cut–by extension cutting out the shareholders–is the kind of move that the shareholders would get righteously pissed about.

Chances are, a settlement will be reached, as publicity like this is the last thing Take Two needs, especially as we’re waiting for a new Grand Theft Auto game. And until the whole thing straightens out, you too can enjoy Grand Theft Auto trivia.

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