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Take-Two: Wishing they had a second take? Also, The Lost.


Take-Two has definitely seen better times. As we all know by now, EA fought a long, eventually losing battle to attempt to buy Take-Two earlier this year in the wake of the earthshattering Activision-Blizzard merger. However, the mix of good and bad news for the company continues. In their annual report, Take-Two revealed that the company spent $11 MILLION of their own during the attempted EA takeover despite being the company on the “trying to be bought” side of the deal. Ever since the failed takeover, Take-Two stock has fallen $17 dollars per share, including almost $4 this past week to $8.43.

Lucky for Take-Two, there is a glimmer of hope for the future, much in thanks to the over $700 million safety net that is Grand Theft Auto 4 and the mutant-child of Bioshock 2. Now infamous developer Rockstar has signed a long contract to continue to publish their games with Take-Two, and recently the trailer for Bioshock 2 was released.



Also sure to help is the soon to come DLC for Grand Theft Auto 4, titled “The Lost and The Damned”. It shows a little bit of promise (emphasis on little), but at least it will keep people’s eyes on GTA4 for a little bit longer.

Below, Lost and the Damned trailer…

So is Take-Two doing alright? Or could this be the beginning of the end? More in 2009…

70°

Microsoft Gaming Revenue Drops 7% Year-on-Year, Content and Services Down 5%, Xbox Hardware Down 33%

Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.

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simulationdaily.com
Jin_Sakai42d ago (Edited 42d ago )

Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.

dveio42d ago

To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.

Jingsing42d ago

The stock mark is what makes Microsoft remarkable, They have convinced every institutional and retail investor to just keep piling money into them. Like many big tech giants they are just a big growing pyramid scheme. As long as people keep dropping money into ETF's that cover the market Microsoft will always be liquid. At the same time it is completely stifling innovation and competition. People need to start being more discreet in how they invest their money as it's killing the system.

Tanktopmaster9242d ago

Once they re-evaluate exclusive all will be fine….

S2Killinit42d ago

Riiiiight because people will just flock back to them for one or two games per year.

Jingsing42d ago

15+ years of bad performance is what they call irreparable in business. It is time for them to sell off the assets and get out of entertainment.

Tanktopmaster9242d ago

These declines are on the back of extra revenue received from releasing games like Forza horizon 5 on PlayStation. So I’m being sarcastic here when I said they should go back to exclusives. Killing off a revenue stream from Ps5 sales will only make things worse

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40°

Games Done Quick is coming to Europe for the first time with 3 days of Gamescom speedruns

The charity event will be streamed live from Gamescom in August.

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videogameschronicle.com
50°

Report: Injustice 3 in Development at NetherRealm Studios

Thanks to the slip-up of an artist working on the title, we now have more evidence that a new Injustice game is in the works.