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