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"Take Two" redirects here. For other uses, see Take Two (disambiguation).
Take-Two Interactive Software Inc.
TypePublic (NASDAQ: TTWO)
Founded1993
HeadquartersNew York, New York, USA
Key peopleBen Feder (CEO, President)
IndustryComputer and video game
ProductsGrand Theft Auto series, etc. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. The City of New York The United States of America —commonly referred to as the For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" The video game industry (formally referred to as Interactive entertainment) is the economic sector involved with the development, Marketing In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need
RevenueImage:green up.png 539. In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 8 million USD (Q1 2008)
Employees2,002 (2007)
Websitewww.take2games.com

Take-Two Interactive Software, Inc. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages (NASDAQ: TTWO) is an American publisher, developer, and distributor of video and computer games and video game peripherals. The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. The United States of America —commonly referred to as the A video game publisher is a company that publishes Video games that they have either developed internally or have had developed by a Video game developer A video game developer is a software developer (a business or an individual that creates Video games A developer may specialize in a certain video A video game is a Game that involves interaction with a User interface to generate visual feedback on a video device. A personal computer Game (also known as a computer game or simply PC game) is a Video game played on a Personal computer, rather For an account of the words periphery and peripheral as they are used in biology sociology politics computer hardware and other fields see the The company's headquarters are in New York City, United States, with international headquarters in Geneva, Switzerland. The City of New York Geneva (Genève is the second-most populous city in Switzerland (after Zürich) and is the most populous city of Romandy (the French -speaking Switzerland (English pronunciation; Schweiz Swiss German: Schwyz or Schwiiz Suisse Svizzera Svizra officially the Swiss Confederation Development studio locations include San Diego, Vancouver, Toronto and Austin, Texas. Vancouver (vænˈkuːvɚ is a coastal Toronto (təˈrɒntoʊ colloquially pronounced or) is the largest city in Canada and is the provincial capital of Ontario

Take Two has developed and published many notable games, including the Grand Theft Auto series, the Midnight Club racing series, controversial games Manhunt and Manhunt 2 and most recently BioShock. Midnight Club is a series of Racing games developed by Rockstar San Diego (formerly Angel Studios Manhunt is a third-person Video game released by Rockstar Games in November. Manhunt 2 is a Video game developed by Rockstar Games and the sequel to 2003's Manhunt. BioShock is a video game by 2K Boston/2K Australia —previously known as Irrational Games It is also noted for its 2kX series of sports games. It also acted as the publisher of Bethesda Softwork's 2006 game, The Elder Scrolls: Oblivion. The Elder Scrolls IV Oblivion is a Single player Fantasy -themed action-oriented Computer role-playing game developed by Bethesda Game Studios

Take Two is the target of a hostile takeover bid from rival Electronic Arts issued in February 2008. In business a takeover is the purchase of one company (the target) by another (the acquirer, or bidder) The bid expired is set to expire on June 16, 2008. [1]

Contents

Company history

In February of 1999, Take-Two published the game Biosys under the company Jumpstart Interactive, a point-and-click adventure which follows the protagonist Professor Alan Russell and is set inside the fictional ecological facility Biosphere Four. Biosys is a PC game developed by Jumpstart Interactive and published by Take 2 Interactive.

In 2004 Take-Two formed two new publishing companies called 2K Games and 2K Sports to manage a group of newly acquired development studios as well as publishing deals with a variety of other well known studios. Take-Two acquired the rights to the ESPN 2K sports games (When EA announced the ESPN deal, they dropped "ESPN" from their games), created by Visual Concepts (football and basketball) and Kush Games (baseball and hockey), from Sega as part of the creation of 2K Sports. Visual Concepts is a California-based Video game developer best known for developing Sega Sports' 2K series of Sports games After the success of the series Kush Games was a Video game developer based out of Camarillo, California. In the same year, Take-Two bought the rights to the Civilization game from Infogrames for $22. Civilization is a series of Turn-based strategy Video games produced by Sid Meier. Infogrames Entertainment SA ( IESA) ( is an international Holding company headquartered in Villeurbanne, Lyon, France. 3 million. [2][3]

In 2005, Take-Two embarked on acquisition spree and spent more than $80 million buying game developers. [4] It bought for $32 million the development studios Visual Concepts and Kush Games, for $11. Visual Concepts is a California-based Video game developer best known for developing Sega Sports' 2K series of Sports games After the success of the series Kush Games was a Video game developer based out of Camarillo, California. 4 million Gaia Capital Group and for around $11. 8 million the studio Irrational Games, which develops Freedom Force vs. The Third Reich. 2K Boston/2K Australia (previously known as Irrational Games) is a Video game developer founded in 1997 by three former employees of Looking Glass Freedom Force vs The 3rd Reich is a real-time Tactical role-playing game developed and published by Irrational Games Then late that year in November, Take-Two acquired Firaxis for $27 million including possible performance bonuses. Firaxis Games is a Computer game developer. It was founded in 1996 by Sid Meier, Jeff Briggs, and Brian Reynolds upon leaving [5]

In March 2007 Take-Two filed a lawsuit against Jack Thompson, to prevent him from filing a public nuisance complaint in Florida court like he did with Bully. March 2007 is the third month of the year It began on a Thursday, and ended 31 days later on a Saturday. In law a lawsuit is a civil action brought before a Court in which the party commencing the action the Plaintiff, seeks a legal or equitable remedy Take-Two Interactive Software Inc v John B Thompson is a Lawsuit filed by Take Two Interactive against Miami Attorney Jack John Bruce "Jack" Thompson (born July 25 1951 is an American Activist and former Attorney, based in Coral Gables, For the law of Tort, see Nuisance In the English Criminal law, public nuisance is a class of Common law offence Florida ( is a state located in the southeastern region of the United States, bordering Alabama to the northwest and Georgia to the Bully, also known as Canis Canem Edit in the UK which is ( Latin for "dog eat dog" for the PAL PlayStation 2

At the annual meeting on March 29, 2007, Take-Two investors ousted five of six board members, including the chief executive, Paul Eibeler, who was replaced by Ben Feder[1]

Ryan Brant, former chief executive of Take-Two Interactive Software, pleaded guilty in February 2007 to falsifying business records. Paul Eibeler (born ca 1956 was the Chief Executive Officer, President and a director of Take-Two Interactive, a publisher, developer, and He faced up to four years in prison but received a lighter sentence in a plea agreement after agreeing to cooperate with prosecutors because he took it. [2]

In 2005, the U. S. Securities and Exchange Commission alleged in a lawsuit that Brant, with the company's former chief financial officers, Larry Muller and James David Jr. , and its head of sales, Robert Blau, inflated revenue in fiscal years 2000 and 2001.

In June the UFC filed a lawsuit against the company over the video game they created for the organization. Ultimate Fighting Championship (UFC is a US -based Mixed martial arts (MMA organization currently recognized as the largest MMA promotion in the world [3]

On May 22, 2007 Oasys Mobile signed a deal to bring several of the Sid Meier licenses to the mobile market. Events 334 BC - The Greek army of Alexander the Great defeats Darius III of Persia in the Battle of the Granicus. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Oasys Mobile is a leading mobile game developer and publisher. The original Sid Meier games are developed by Take Two's company 2K Games. Take-Two Interactive Software Inc ( is an American publisher, developer, and distributor of Video games and video game Peripherals 2K Games is a video game publishing subsidiary of Take-Two Interactive which also owns Rockstar Games notable for the Grand Theft Auto series Oasys will be bringing these games to the mobile market some time in 2008. [6]

Rival game company Electronic Arts recently revealed they had made a $25 p/share all cash transaction offer to the board of Take Two in mid February 2008, subsequently revising it to $26 p/share after being rejected and making the offer known to the public. [7] Rumors of a buyout had been floating around the internet several weeks prior. [8] Stocks went up by 54% on Monday, following the Sunday announcement, closing over the $26 offer price, whilst EA's own stock prices went down by 5%, the largest loss in over a year. [9]

EA's attempted takeover

In mid February 2008, EA proposed an acquisition of Take-Two Interactive for about $2 billion. According to Game Informer's April issue, EA CEO John Riccitiello said that EA considered a deal for Take-Two last spring but axed it at the last minute. Game Informer (often abbreviated to GI) is an American -based monthly magazine featuring articles news strategy and reviews of John Riccitiello is the CEO of Electronic Arts (EA He received his B Take-Two's board of directors declined the cash deal. But EA is still pursued at acquiring Take-Two by stating in its letter, "If you are unwilling to proceed on that basis, however, we may pursue other means, including the public disclosure of this letter, to bring our offer and the compelling value it represents to the attentions of Take-Two's shareholders. " Later, Take-Two released a statement explaining why the company has rejected the offer, "In addition to undervaluing key elements of our business, EA's proposal fails to recognize the value we are building through our ongoing turnaround efforts, which will further revitalize Take-Two. " Take-Two has offered to discuss the offer, after Grand Theft Auto IV comes out on April 29, 2008. Events 1429 - Joan of Arc arrives to relieve the Siege of Orleans. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common If EA does acquire Take-Two, it will end the company's main competition in the sports genre of videogames. Both EA and Riccitiello believe that they can take Take-Two's games and sell more of them. [10] The bid expired May 15th, 2008, however EA extended the offer until June 16th, 2008, at the same price of $25. 74 per share. Take Two's position has not changed. They continue to see this as a "highly conditional offer" that undervalues the companies properties, rescources, and initiatives.

Notable franchises

Take-Two's subsidiary Rockstar Games created the Grand Theft Auto series, which includes Grand Theft Auto, Grand Theft Auto 2, Grand Theft Auto III, Grand Theft Auto: Vice City, Grand Theft Auto: San Andreas, Grand Theft Auto: Liberty City Stories, Grand Theft Auto: Vice City Stories, and Grand Theft Auto IV. Rockstar Games, (also known as Rockstar NYC) is a British -founded development division of Video game publisher Take-Two Interactive Grand Theft Auto ( GTA) is a computer and video game created by Scottish company DMA Design (now Rockstar North Grand Theft Auto 2 (abbreviated as GTA2) is a Video game that was released worldwide on October 22, 1999, by developer Grand Theft Auto III (abbreviated as GTA III) is a sandbox-style action-adventure computer and Video game Grand Theft Auto Vice City is a sandbox-style action-adventure computer and Video game designed by Rockstar North (formerly Grand Theft Auto San Andreas is a sandbox-style action-adventure computer and Video game developed by Rockstar North Grand Theft Auto Liberty City Stories is a sandbox-style action-adventure Video game developed by Rockstar North and Rockstar Grand Theft Auto Vice City Stories is a sandbox-style action-adventure Video game developed by Rockstar Leeds in association with There are also lesser-known expansions to the original GTA on PlayStation and PC, Grand Theft Auto: London, 1969 and the PC only Grand Theft Auto: London, 1961. The PlayStation (abbreviated PS, PSone, PS1, or informally as PSX) is a 32-bit fifth generation Video game console A personal computer ( PC) is any Computer whose original sales price size and capabilities make it useful for individuals and which is intended to be operated The Grand Theft Auto Mission packs are Expansion packs for the game Grand Theft Auto. A personal computer ( PC) is any Computer whose original sales price size and capabilities make it useful for individuals and which is intended to be operated The Grand Theft Auto Mission packs are Expansion packs for the game Grand Theft Auto.

As well as GTA, Rockstar developed several other action games, including Manhunt and State of Emergency. Manhunt is a third-person Video game released by Rockstar Games in November. State of Emergency is a controversial 2002 action-adventure Video game released by Rockstar Games. In other genres, Rockstar creations include Midnight Club and its sequels, the Western-themed Red Dead Revolver (originally developed by Capcom), and Bully. Midnight Club is a series of Racing games developed by Rockstar San Diego (formerly Angel Studios A sequel is a work in Literature, Film, or other media that portrays events following those of a previous work Red Dead Revolver is a western Third-person shooter Video game published by Rockstar Games and developed by Rockstar San For the original NASA meaning see capsule communicator. is a leading Japanese International developer Bully, also known as Canis Canem Edit in the UK which is ( Latin for "dog eat dog" for the PAL PlayStation 2

Take-Two's other subsidiaries include Global Star Software, Gathering (formerly Gathering of Developers aka GoD Games), 2K Games, 2K Sports, Gotham Games, TalonSoft, Jack of All Games (its distribution arm), Frog City Software (developer of the famous Imperialism game), 2K Boston/2k Australia (creators of BioShock) Gathering will be publishing the oft-delayed Duke Nukem Forever, though it is currently considered vaporware by many in the gaming community. Global Star Software is a Video game publisher that is a wholly owned Subsidiary of Take-Two Interactive. Gathering of Developers (aka God Games and Gathering) was a Texas-based PC and video games publishing company founded in January 1998 with the mission to bridge the 2K Games is a video game publishing subsidiary of Take-Two Interactive which also owns Rockstar Games notable for the Grand Theft Auto series 2K Sports is a Subsidiary of Take-Two Interactive Software Inc Frog City Software was a computer game developing company which focused on strategy games open since 1995. Imperialism is a Turn-based strategy game for Microsoft Windows and Apple Macintosh computers developed by Frog City Software BioShock is a video game by 2K Boston/2K Australia —previously known as Irrational Games Duke Nukem Vaporware is a somewhat derogatory term used to describe a Software or Hardware product that is announced by a developer well in advance of release but which then Notable titles from Global Star include the Conflict series (the most recent game in which is Conflict: Global Storm); Sega's ESPN sports titles, for which 2K Sports was the publisher; and the Outlaw sports series, which includes Outlaw Golf and Outlaw Volleyball. Conflict Global Terror (also called Conflict Global Storm) is the fourth game in the Conflict series and was released for PlayStation 2, is a multinational Video game Software and Hardware development company and a former Home computer Both Outlaw Golf and Outlaw Golf 2 are Golf Video games developed by Hypnotix. Outlaw Volleyball is a Video game based on the Sport of Volleyball.

Take Two's 2k Games Studios have also produced notable games including the College Hoops 2kX series of basketball games and most recently BioShock. BioShock is a video game by 2K Boston/2K Australia —previously known as Irrational Games

Company structure

References

  1. ^ Slocum, Zoe (May 17, 2008 9:07 AM PDT). Rockstar North Ltd (formerly DMA Design Ltd) are developers of computer and video games based in Edinburgh, Scotland. Rockstar Leeds (formerly Mobius Entertainment) is an English Video game developer. Rockstar Japan is the Japanese localisation headquarters of Rockstar Games, setting up a new development studio in Japan Established in 2005 Rockstar London is the 2nd newest studio to join the Rockstar Games family Rockstar Vancouver is a video game studio located in downtown Vancouver, British Columbia. Rockstar San Diego (formerly Angel Studios) is one of the development studios under the Rockstar Games umbrella Rockstar Toronto (formerly Rockstar Canada) is an in-house Game development team for Rockstar Games and Take-Two Interactive, located in Rockstar Vienna (formerly neo Software Produktions GmbH) was a Vienna -based developer of Computer and video games, and a sub-division of Rockstar Lincoln (formerly Tarantula Studios) located in the City of Lincoln in the East Midlands of England,is Rockstar Games Rockstar New England, formerly Mad Doc Software, is a computer game development company founded in 1999 by Dr EA's acquisition bid for Take-Two expires (English) 1. CNET. Retrieved on 2008-05-19. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1535 - French explorer Jacques Cartier sets sail on his second voyage to North America with three ships 110 men and
  2. ^ Civilization sold off to mystery buyer - PC News at GameSpot
  3. ^ Take-Two takes over Civilization - PC News at GameSpot
  4. ^ Take-Two reveals acquisition prices, hints at future lawsuits - PlayStation 2 News at GameSpot
  5. ^ http://www.gamesindustry.biz/content_page.php?aid=14422
  6. ^ Markets — Financial Market Summaries at SFGate
  7. ^ Top: EA Makes Offer to Buy Take 2
  8. ^ Take-two Interactive: Analyst "Convinced" That Take-Two Will Be Swallowed
  9. ^ Electronic Arts plays risky game in bid for Take-Two
  10. ^ EA Makes Play For Take-Two Interactive

External links

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