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.
Below, Lost and the Damned trailer…
So is Take-Two doing alright? Or could this be the beginning of the end? More in 2009…
Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.
Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
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.
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.
Riiiiight because people will just flock back to them for one or two games per year.
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.
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
The charity event will be streamed live from Gamescom in August.
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.
